Federal Tax Reform Plans Will Help the Wealthy, Lead to Program Cuts and Deepen Poverty
On the heels of repeated failed attempts to pay for huge tax cuts for the wealthy by cutting health coverage...
Federal Tax Cut Framework Is Designed for Millionaires
Under the tax framework released last week by the Trump administration and Congressional leaders, the wealthiest 1 percent of Kentuckians would get 49.5 percent of the total tax cut received...
Census Data Shows Too Little Improvement in Poverty and Income in Kentucky to Suggest Full Recovery
New American Community Survey (ACS) data for 2016 released today by the U.S. Census shows poverty didn’t budge and income only increased slightly in Kentucky from 2015. The poverty rate...
Lack of Jobs and Wage Growth Still Hurts Kentuckians this Labor Day
Labor Day is a good time to reflect on the state of working Kentucky. This year, as the economy continues a long recovery and state and federal decision makers debate...
Continuing General Fund Erosion Is More Evidence of the Need to Clean Up Tax Code
As a share of the economy, Kentucky’s General Fund is worse off today than before the last positive effort to clean up the tax code under the Kentucky Education Reform...
Trump Tax Plan Would Be a Windfall for Only the Wealthiest Kentuckians
The wealthiest Kentuckians would be winners from the $4.8 trillion in federal tax cuts President Donald Trump has proposed, as shown by a new report from the Institute on Taxation...
Year-End Revenue Results Underscore Need for Right Actions on Tax Reform
Kentucky ended the 2017 fiscal year with $138.5 million less in General Fund revenue than economists predicted would be collected. The shortfall puts slightly more pressure on investments in our...
Troubling Hints About Direction for Tax Reform
We don’t know yet the specifics of a tax reform plan the governor wants the General Assembly to consider in a 2017 special session. But this week, in a letter...
Any Way You Slice It, A Shift To Consumption Taxes Will Hurt Kentucky
There are two main reasons why shifting from income taxes to sales taxes would be bad for Kentucky: Doing so would make our tax system more regressive than it already...
Kentucky Moms Deserve Better
More than 488,000 women in Kentucky are raising an estimated 919,711 children under the age of 18. These biological, step, adopted and foster moms, grandmothers and other relatives and their...