Governor Bentley tells Alabamians that the state is broke

Talking prisons, education and taxes, Alabama Governor Robert Bentley got real with Alabamians on Tuesday night. During his annual State of the State address, Bentley said that the state must increase revenues to pull itself out of debt.

Now, as we look to the future, we must take the steps necessary to help get our state out of debt and find secure financial footing. Revenue must increase. There must be growth money in the State’s General Fund.”

120313_robert_bentley_ap_605One of the ways Bentley plans to ease the debt is by closing a tax loophole that allows nearly 60 percent of Alabama Fortune 500 companies to bypass paying income tax.

That sounds like a line pulled directly from President Obama. Continue reading

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