Federal Budget Debate Must Include Discussion of Investments Needed for Growth
Important debates over the federal budget are now taking place in Congress. Kentucky’s representatives, including Senate Minority Leader Mitch McConnell,...
Budget & Tax
House Federal Budget Proposal Means Major Cuts in Kentucky from Head Start to Clean Water
The House federal budget proposal for 2011 would reduce educational opportunity for thousands of Kentucky pre-school kids, college students, and adults needing job training; eliminate funding for the home weatherization...
Senate Budget Proposes $148 Million in Cuts
Both the House and Senate versions of House Bill 305 close a sizeable hole in the state’s Medicaid budget for 2011. The House version claims potential savings through use of...
Testimony on HB 318: Tax Reform
Thank you Mr. Chairman and members of the committee. My name is Jason Bailey, and I am Director of the Kentucky Center for Economic Policy. Three strengths of HB 318:...
Testimony on SCR 134: Balanced Budget Amendment
Jason Bailey, Director, Kentucky Center for Economic Policy Thank you Mr. Chairman for the opportunity to speak on this resolution. My name is Jason Bailey, and I am Director of...
Paul Budget Would Cut $1 Billion from Education in Kentucky
Senator Rand Paul’s federal budget proposal would cut approximately $1 billion on an annual basis from education in Kentucky, creating a big hole in the K-12 budget while reducing support...
Farmer’s High-Risk Overhaul Creates Imbalance in Kentucky’s Tax System
House Bill 196, sponsored by Representative Bill Farmer, proposes to overhaul Kentucky’s tax system by eliminating income taxes on individuals and corporations while greatly expanding the sales tax base. The...
Using the Federal Income Tax Cuts to Help Address Kentucky’s Budget Challenge
The federal tax compromise passed by Congress in December included extensions to income tax cuts resulting in over $1 billion in tax breaks to the wealthiest 5 percent of Kentuckians...
Reforms Needed to Bring Greater Scrutiny to “Tax Expenditures”
Every year Kentucky loses billions of dollars in revenue through special tax preferences and breaks for individualsand businesses that are written into the tax code. Yet there is very little...
End of Recovery Act Funds Could Mean Serious Budget Challenge for Kentucky
Kentucky’s budget situation would have been much worse without the $3.4 billion in funds provided to the state through the American Recovery and Reinvestment Act. But Recovery Act dollars are...