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Report

Closing Corporate Tax Loopholes to Fund Investments in Kentucky Families

Jason Bailey | February 10, 2015

EITC graphic 10House Bill 374 would close several corporate tax loopholes that allow some profitable corporations to avoid paying their fair share of taxes, and use the resources to fund a tax credit for Kentucky’s working families. The bill targets strategies that major corporations use to artificially shift profits to subsidiaries in no- or low-tax states or foreign tax havens. It would generate $66 million to fund a state Earned Income Tax Credit (EITC), a proven tool to help lift working families out of poverty. HB 374 is a step toward the kind of tax reform Kentucky needs.

Corporate Loopholes EITC

More On Budget & Tax: Federal Cuts to Medicaid and SNAP Would Blow Massive Hole in State Budget 

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Perspectives

Slashing Federal Programs Would Deal Another Blow to Rural Kentuckians

Kentuckians Need a New Trade Policy, Not a Chaotic Trade War

Kentucky Voters Buried Private School Vouchers. One More Idea Must Die to Truly Reinvest in Our Public Schools

Our Leaders Should Give Thanks to Food Assistance, Not Deplete It

A Warning for Kentucky From the Devastating Impact of Vouchers on Arizona, Florida Public Schools

Other Budget & Tax Items

Federal Cuts to Medicaid and SNAP Would Blow Massive Hole in State Budget

Report

Federal Cuts to Medicaid and SNAP Would Blow Massive Hole in State Budget 

doge cuts in kentucky

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Tracker: How the White House and DOGE Are Cutting Kentucky Jobs and Services 

The Wealthiest Kentuckians Would Be Runaway Winners from Federal Tax Cut Extension

Report

The Wealthiest Kentuckians Would Be Runaway Winners from Federal Tax Cut Extension

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