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...
Budget & Tax
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...
Income Tax Cuts Will Widen Inequality in Kentucky
To pay at least in part for income tax cuts for the wealthy, the House budget proposal shorts investments in schools, health, human services and infrastructure. Given historic revenue levels,...
House Tax Bill Would Devastate Kentucky’s Budget for a Giveaway to the Wealthy
HB 8 would begin aggressively cutting Kentucky’s income tax rate next year and eventually completely eliminate it, devastating funding for Kentucky’s schools, health, human services, infrastructure and other needs. The...
Senate Income Tax Rebate Unfairly Leaves Out Low-Income Kentuckians, Could Force Some to Repay It
Today the Senate Appropriations and Revenue Committee moved forward a $1.15 billion income tax rebate that will give away a huge portion of the revenue surplus that could otherwise be...
Income Tax Cuts Are a Way to Sink the Economy, Not Grow It
Wealthy interests and corporate lobbyists are ramping up efforts to pass major tax cuts this legislative session that could leave a massive and permanent hole in Kentucky's budget. The focus...
Shift and Shaft Tax Policy Is No Way to Prosper
Indications are the 2022 Kentucky General Assembly will consider major changes to the state's tax system. While big proposals are often labeled as "tax reform," change itself will not necessarily...
House Budget Provides Only Modest Reinvestment Despite Strong Revenues
Despite billions of additional dollars from both one-time surpluses and stronger recurring revenues, the proposed House budget provides only modest funding increases in certain parts of government while leaving $1.1...
Governor’s Budget Includes Substantial Reinvestment in Education and Other Areas
The governor’s proposed budget uses the unprecedented recurring and surplus dollars available to reinvest in a range of areas with a focus on higher core funding for K-12 and higher...