tax reform

5:15 pm
Tue February 5, 2013

Lawmakers Ready for Tax Reform Legislation, but Bill Unlikely This Session

Jerry Abramson
Credit File photo

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.

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12:50 pm
Tue February 5, 2013

President Obama to Discuss Spending Cuts, Tax Reform; WFPL to Carry Special Coverage

President Obama
Credit White House

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.

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Local News
3:53 pm
Wed January 30, 2013

Read | Who Pays?

The  Institute on Taxation and Economic Policy has released a report that says Kentucky's tax system is unbalanced. Read the report below:

1:27 pm
Wed January 30, 2013

Report: Kentucky Tax System Unbalanced On Backs of the Poor

Credit Creative Commons

A new report by the Institute on Taxation and Economic Policy shows a big gap between Kentucky’s income levels on who pays taxes.

The report says Kentucky’s top 1 percent income bracket pays roughly 5 percent of the state’s income, while the bottom 20 percent pays 9 percent.

(Read the report here.)

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Local News
12:02 am
Fri December 28, 2012

With Tax Reform on the Table, Youth Advocates Push for Anti-Poverty Measures

Credit Kentucky Youth Advocates

It's hard to find a lawmaker, pundit or political prognosticator who believes the recommendations from the governor's Blue Ribbon Commission on Tax Reform will pass in the upcoming legislative session (even Gov. Steve Beshear has said 2014 may be the year). But the head of Kentucky Youth Advocates says this could be the time for one particular tax reform.

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10:52 am
Mon December 10, 2012

Governor Steve Beshear Plans to Tinker with Tax Reform Recommendations

Credit Kentucky Governor's Office

Kentucky's Blue Ribbon Tax Commission has wrapped up its work, but Governor Steve Beshear says the biggest challenge to revising the tax code still remains.

Tax reform is on the tip of the tongue every few years in Frankfort. But historically, not much has been accomplished. Beshear will get the commission's latest recommendations for tax reform this week. And it'll be up to him to convince lawmakers that the panel's work is worth turning into law.

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5:38 pm
Tue October 30, 2012

Abramson: Tax Reform Commission Needs More Time

The Kentucky Commission on Tax Reform is planning to ask for an extension.

That's according to commission chair and Lieutenant Governor Jerry Abramson, who says there are too many options for reforming the state tax code to fully consider by the November 15th deadline.

“I think at our next meeting unless we solve the whole thing in five hours I’ll probably ask the group to give me the authority to request of the governor an extension of time and I feel very confident we’ll be able to get that,” says Abramson, adding that the final report could be complete by mid-December.

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