Using the Federal Income Tax Cuts to Help Address Kentucky’s Budget Challenge
By admin
January 27, 2011
January 27, 2011
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 in 2011. Making state income tax changes to reinvest just a portion of these breaks in Kentucky could help protect public investments in education, health and other necessities.
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