The Bigger Picture on Who Pays Taxes
The vast majority of Kentuckians (and Americans) who don’t owe federal income taxes are either workers who pay payroll taxes,...
Analysis
Taxing Groceries Not a Good Strategy for Kentucky
The recently released consultants’ report to the governor’s tax reform commission included the option of applying Kentucky’s sales tax to food for home consumption (i.e., groceries). While broadening the tax...
Transitioning Adults to Postsecondary Education Crucial to Meeting Goals
Postsecondary education is increasingly recognized as an important means of improving the economy and increasing the financial well-being of individuals and families. But given Kentucky’s serious educational challenges, the state...
Pension Issue is Primarily a Revenue Challenge
Over the last several years, much of the focus given to Kentucky’s pension system has been on ways to shift new employees into some version of a 401k-style retirement plan....
Higher Education Helped in the Recession, but Doesn’t Guarantee a Good Job in Recovery
Those with higher education fared better in the recession and are more likely to obtain the new jobs being created in the recovery. However, those new jobs tend to pay...
State Cuts to Education Continue to Deepen
Kentucky is one of 35 states in which inflation-adjusted per student state funding for K-12 education is lower this school year than it was in 2008, according to a new...
Increase in Federal Minimum Wage Would Provide Much-Needed Boost to Kentucky Families
An increase in the federal minimum wage to $9.80 an hour would raise wages in Kentucky by $606 million over the next three years and benefit one out of every...
Agenda to Reduce Taxes and Workers’ Rights No Path to Prosperity
Hardly a month goes by without the release of another index supposedly ranking states on their economic competitiveness. One prominent such report comes from the American Legislative Exchange Council (ALEC),...
Kentucky Job Growth Continues To Be Too Slow
Kentucky added only 700 net jobs in June, again failing to produce enough jobs to make a real dent in the employment gap created by the recession. Kentucky needs to...
Report’s Findings Suggest Kentucky’s Business Tax Incentives Not Very Cost-Effective Way to Create Jobs
Put into context, the findings of a consulting group report to the Kentucky legislature suggest that state economic development incentive programs are not a very cost-effective way to create jobs—a...