Let’s Learn From Braidy, and Seek More Answers From Each Other
News that a company called Steel Dynamics will take over what’s left of Braidy Industries and abandon the proposed Ashland aluminum plant...
Budget & Tax
What the New Climate and Health Legislation Will Mean for Kentucky
President Biden on Tuesday signed new legislation that takes critical steps toward addressing the climate crisis, improves access to affordable health care, creates jobs in clean energy and puts downward...
Temporary Surplus Should Not Trigger Permanent Tax Cuts that Threaten Future Budgets
Driven by a strong economic recovery and by high inflation, the state ended the year with a General Fund surplus of $1.034 billion more than projected. These extra dollars are...
Corporate Tax Break Watch: 2022 General Assembly
Last year, the Kentucky General Assembly passed new business subsidies and tax breaks at a cost of well over $1 billion. Especially because the state has large revenue surpluses thanks...
Bill Provides Huge Subsidy to Investment Companies with No Requirement of Rural Investments, Jobs or Return to Communities
House Bill 308, which passed the Kentucky House and may be acted on in the Senate in the session's final days, is a giveaway to out-of-state venture capital funds with...
Tax Cut Is a Giveaway to the Wealthy That Will Damage Future Budgets
The General Assembly passed a new version of House Bill 8 (HB 8) that is expected to reduce the individual income tax rate by 1 point over the next couple...
Budget Agreement Includes Only Modest Increases in Most Areas of Budget, Salary Increases for State Workers
The 2022-2024 budget agreement announced today includes only very modest funding increases for critical state services across the budget. Investments in education and other areas are small, especially considering the...
Proposal Would Continue to Tax Slot Machines at Egregiously Low Level
A bill that was supposed to raise the tax on historical horse racing (HHR) slot machines (HB 607) doesn't increase the tax rate and only tinkers with the proceeds to...
House Tax Bill Would Wreck Kentucky’s Budget to Benefit the Wealthy
House Bill 8, which passed the Kentucky House last week, is the most fiscally destructive legislation ever considered in the commonwealth. It tries to get something for nothing by phasing...
Senate Budget Cuts Education Funding Further From Modest House Plan
Despite a once-in-a-generation budget surplus, the Senate budget includes $1.3 billion less in spending over the biennium than the already-modest House plan (and $2.8 billion less than the governor had...