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Budget & Tax

ky house of representatives

Analysis

Top House Priorities Show Conflict Between Reducing Revenues and Rising Costs

The House's top priority (HB 1) in the 2023 legislative session is a bill to continue reducing the state's income...

Jason Bailey | January 31, 2023

capitol

Analysis

Reducing the Income Tax Will Weaken the Commonwealth

House Bill 1 in the 2022 Kentucky General Assembly is the next step in a legislative effort to phase down and even eliminate Kentucky’s income tax. This policy path is...

Jason Bailey | January 23, 2023

bourbon barrels

Analysis

Kentucky’s ‘Booming’ Bourbon Industry Doesn’t Need Another Tax Cut

Kentucky’s bourbon and spirits industry had a banner year in 2022, with announcements of over $2.1 billion in new investments and 700 jobs created, both record highs. According to the...

Pam Thomas | January 12, 2023

Screenshot 20230109 165059 KET

Testimony

Testimony on House Bill 1: Tax Cuts Benefit the Wealthy at the Expense of Everyone Else

Pam Thomas, Senior Fellow for KyPolicy, delivered the testimony below to the House Appropriations and Revenue Committee on Thursday, January 5. The committee was considering House Bill 1, which would...

Pam Thomas | January 10, 2023

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Op-Ed

Regressive Kentucky Laws Are Bringing Back the Bad Old Days

Addressing the long list of pressing modern challenges facing Kentucky requires a unified effort from all of us. How will we create good jobs in a globalized economy, stem climate...

Jason Bailey | January 6, 2023

store

Analysis

Mirage of Inflation-Driven Surpluses Is No Basis for Permanent Tax Cuts

Kentucky is experiencing record revenue surpluses due to high inflation and temporary federal stimulus that spurred a faster-than-expected recovery from the pandemic recession. But under House Bill (HB) 8, lawmakers are...

Jason Bailey | November 16, 2022

mayfield damage

Op-Ed

More Disasters Are Coming. Kentucky Must Be Prepared

The last couple of years have marked a chaotic time in Kentucky with our communities rocked by a pandemic, recession, tornadoes and floods. The turmoil that our more vulnerable neighbors...

Jason Bailey | October 5, 2022

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Report

With Mounting Needs and Fear of Recession, State Should Suspend Tax Cuts

After many years of tight state budgets, Kentucky is now experiencing healthy but temporary revenue surpluses that are growing its rainy day fund, the state’s emergency savings account, to an...

Jason Bailey | October 5, 2022

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Analysis

Flood Relief Legislation Only a First Step, Leaves Out Housing Aid

A relief package introduced in the special legislative session includes over $200 million to help with emergency costs for local governments, schools, utilities, infrastructure and other needs in the wake...

Jason Bailey | August 24, 2022

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Analysis

State Must Go Beyond FEMA Aid to Adequately Address Housing Need From Eastern Kentucky Floods

The multi-colored houses on Knott County’s Rainbow Lane were reduced to rubble. Raging flood waters tossed and twisted mobile homes in Letcher County. In Hazard, an engorged North Fork lifted...

Jason Bailey and Pam Thomas | August 22, 2022

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Sidebar

Budget & Tax News

1 What Could Kentucky Do With $1.2 Billion a Year? 

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2 ‘Transformational’ or a ‘Reckless’ Spending Spree? A Kentucky Economic Think Tank and the State’s Leading Republican Take on Democrats’ Latest Legislation

3 “Nothing Like This in the Country.” “Enormous” West End TIF District Would Be Kentucky’s Largest.

4 Bills That Didn’t Survive the Ky. Legislative Session (But Could Come Back Next Year)

5 Kentucky Tonight: Recap of the 2022 Legislative Session

View All Budget & Tax News Items

The Experts

Top House Priorities Show Conflict Between Reducing Revenues and Rising Costs

Jason Bailey

The Devastating Economic Harms of Banning Abortion in Kentucky

Ashley Spalding

Kentucky Should Not Volunteer for Greater Inequality by Becoming More Like Tennessee

Pam Thomas

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