Tagged: tax reform

Despite passing some pension and tax reforms in this year's Kentucky General Assembly session, state lawmakers aren't out of the clear when it comes to another special session.

A few big issues still remain for lawmakers—mainly redistricting and more tax reform.

Gov. Steve Beshear has the sole authority to call a special sessions and to set their agenda. And with Beshear continuing to express a need for more tax reform to pay for education, he's not ruling out calling a special session sometime this year.

FRANKFORT — Gov. Steve Beshear is encouraging lawmakers to take bold stances in reforming the state's tax code,  before past budget decisions and cuts cripple Kentucky.

Beshear made the pleas Wednesday night in his annual State of the Commonwealth address.

(Read the State of the Commonwealth address.)

Kentucky lawmakers seemed eager to dig into another tax reform bill this year, but the chair of the latest tax reform commission says reform isn't likely coming soon.

Lt. Gov. Jerry Abramson—who chaired the commission—and Mary Lassiter, the secretary of the cabinet, addressed lawmakers on the budget committees about the recommendations of the Blue Ribbon Tax Commission.

President Obama will hold a news conference Tuesday to discuss fiscal matters. WFPL will carry NPR's live special coverage  starting at 1 p.m.

NPR says:

Officials tell the White House press corps that the president "will call on Congress to pass a smaller package of spending cuts and tax reforms to avoid the economically harmful consequences of the sequester for a few months." He's scheduled to issue that call around 1:15 p.m. ET.