Corporate Taxes Important to Meeting Kentucky’s Needs
Taxes on corporations help pay for needed investments in education, infrastructure and other areas. Yet some legislative leaders have floated...
Report
Extending Federal Tax Cuts Would Double the Deficit for the Benefit of the Wealthiest
Ten years ago, large federal tax cuts were signed into law by President Bush. Those cuts are now set to expire at the end of 2012. Extending them beyond that...
House Budget Would Make Steep Cuts to Needed Services in Kentucky
The U. S. House of Representatives recently passed a budget plan for 2012 and beyond that would dramatically reduce the federal government’s role in supporting basic economic security and make...
What Are Taxes For?
Tax Day is an important time for Kentuckians to consider the role of government in our state and nation. Taxes are a critical tool for doing things together that we...
Kentucky’s Economy a Long Way from Full Recovery
While recent announcements of positive job growth are good news for the country, the difficult economic situation will not end soon and neither will the related challenges for the state...
Governor’s Veto Means Budget Depends on Managed Care Savings and Anticipated Revenue
Governor Steve Beshear’s selective veto of legislation addressing the hole in the Medicaid budget means no additional budget cuts at this time. Instead, the budget will depend on possible Medicaid...
Four Revenue Options that Should Be on the Table
The Kentucky legislature is debating ways to address the hole in the state’s Medicaid budget. The options under consideration include immediate across-the-board budget cuts as well as eventual cuts to...
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...
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...