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Wednesday, April 20, 2011

Steve Beshear And Bobbi Holsclaw Release Income Tax Returns, David Williams And Phil Moffett Refuse To Do So. Go Figure!

Beshear reports $166,224 in income last year
By ROGER ALFORD

FRANKFORT, Ky. (AP) -- Gov. Steve Beshear and his wife had a joint income of $166,224 last year, primarily from his state salary, according to their 2010 state and federal income tax returns released on Tuesday.

The Kentucky Democrat said others who are seeking to run against him this year should release theirs, too.

"At a time when the public's distrust of public officials is high, it is imperative that those who seek this state's highest office be completely open and transparent about their income, expenses and financial dealings," Beshear said in a statement. "Only by releasing our tax returns can the public be reassured that we have nothing to hide and will put the taxpayers' interest before our own."

The tax returns also showed nearly $19,000 in charitable contributions.

Beshear, who is unopposed in the Democratic primary, will face one of three Republicans who are battling for that nomination in the May 17 primary.

Two Republican gubernatorial candidates - state Senate President David Williams and Louisville businessman Phil Moffett - have refused to release their income taxes. A third GOP candidate, Jefferson County Clerk Bobbie Holsclaw, released hers on Friday, showing $131,965 in income.

Holsclaw said Kentuckians have a right to see the income tax returns of people who are running for governor, and she challenged her GOP opponents to release theirs.

"You're going to be handling their money and spending their money, and I truly believe that they have a right to see how you have handled your life," she told reporters.

The Williams and Moffett campaigns said opponents are using income tax returns to divert attention from serious Kentucky political issues.

"I was under the impression Steve Beshear loved horses, but nonetheless he's beating this dead one mercilessly," Williams campaign manager Scott Jennings said. "This is a further attempt to distract from Beshear's failure to deal with 10 percent unemployment, reform our unsustainable public pension system, champion comprehensive tax reform to make our state more competitive, or deal with the budget in a way that doesn't lead analysts to downgrade our state's bond rating."

Moffett campaign manager David Adams said the focus should be on issues such as a rising state debt that he blamed on Beshear.

"I wish he put that on his tax return instead of hitting Kentuckians with it," Adams said.

State Democratic Party Chairman Dan Logsdon called on Williams and Moffett last week to release their tax returns, suggesting they may be trying to hide pertinent information about their personal finances.

"When running for governor, a person has an obligation to be honest, open and transparent with the people of Kentucky," Logsdon said.

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