Tax & Budget
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Press Releases
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Analysis: Cigarette Tax Must Increase By 70 Cents to Be Effective
Kentucky needs to raise the cigarette tax significantly to offset smoking-related social costs and discourage smoking. The current tax rate does neither. Further, an increase of less than 70 cents would merely produce revenues, doing little to decrease smoking and smoking-related costs.
- Kentucky’s Revenue Faces Additional Shortfall: Budget Vulnerable to National Economic Downturn 10/30/08
Kentucky’s quarterly revenue receipts released by the State Budget Office reflects reveales that both of the major state funds have a significant shortfall.
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U.S. Census Bureau Reveals an Increase in Child Poverty in Kentucky and Growth in Uninsured 08/26/08
While Kentucky’s poverty rate decreased slightly in 2007, Census Bureau data reveals families are faring worse over time.
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Income Inequality Growing in Kentucky and the Nation 04/09/08
Kentucky ranks sixth in the nation in the growth in inequality between the top and bottom fifth of income levels over the past twenty years.
Partners will gather to celebrate the federal government’s largest program benefiting working families and to move the agenda forward towards state EITC legislation.
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Report Gives Kentucky State Government an "F" for Online Transparency 11/15/07
The Good Jobs First Study ranked state websites for quantity and quality of online disclosure.
- Cigarette Excise Tax Increase Provides More Revenue and No Long Term Impact on Cross Border Sales 12/13/07
Study reveals that there is a clear opportunity to increase the excise tax as both a fiscal strategy and commitment to health.
On March 18, 2005, Kentucky Governor Ernie Fletcher signed into law a tax modernization package designed to better attract and retain jobs and spur economic growth. Now, more than two years later, does Governor Fletcher’s tax plan truly improve the security of Kentucky’s tax revenues in the long-term?
Kentucky is losing hundreds of millions of dollars every year due to corporate tax loopholes. A new report describes these loopholes and how a tax reporting requirement mandated in twenty states can thwart them all.
As tax day approaches, consider this: What if you could deduct your mortgage or rent payment from your taxes, but instead of mailing your check to your bank or landlord, you mailed it to yourself? A KYA report finds that state multi-corporations use a loophole to do just that.