NewswireKing Coal Dethroned

King Coal Dethroned

A new study claims the coal industry in Kentucky takes $115 million more from the state government than it contributes in taxes each year. The study, performed by the Mountain Association for Community Economic Development, determines that coal delivered $527 million to the state of Kentucky in 2006 through coal severance, corporate income, sales and vehicle taxes, and employee taxes. During the same year, the coal industry cost Kentucky $642 million in frequent road repairs (coal companies use oversized trucks), tax breaks, and subsidies.

Find out more specifics, including the amount the coal industry spent on state political campaigns, here

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