Budget

Gina Crider

Teachers in west Kentucky are rallying in Murray on Friday for public education funding.

Anne Kitzman, 123rf Stock Photo

Kentucky’s Republican-led legislature has passed a new two-year state budget that cuts much of state government in order to put more money into the state’s ailing pension systems.

Alexey Stiop, 123rf Stock Photo

The Republican-led Kentucky House of Representatives is set to consider a budget bill that exempts some of state government from spending cuts proposed by Gov. Matt Bevin earlier this year.

Updated at 4:52 p.m. ET

Senate leaders reached a bipartisan budget agreement to increase military and domestic spending levels for two years, paving the way for the first long-term spending pact since President Trump took office.

The White House and House Speaker Paul Ryan quickly declared support for the pact, helping pave the way for its passage by the end of the week, despite opposition from fiscal hawks and liberal Democrats.

Alexey Stiop, 123rf Stock Photo

Now that Governor Bevin has offered his two year budget for review, the state’s 138 lawmakers will begin their work, culminating with floor votes in each chamber.

Updated 4:30 p.m. ET, Oct. 29

For some Republicans, the tax overhaul would taste better with SALT.

The House GOP narrowly passed a budget resolution this week, taking an important first step on the path to overhauling the tax code.

But 11 GOP lawmakers voted against the measure out of concern the tax bill would eliminate the deduction for state and local taxes, or SALT. That tax break is especially popular — and valuable — in high-tax states such as New York, New Jersey and California.

Updated at 1:45 p.m. ET

Congress has approved a joint budget resolution, a critical step to paving the way for major tax legislation later this year.

The Senate-approved resolution passed the House narrowly on Thursday, 216-212, with 20 Republicans voting no and House Speaker Paul Ryan, R-Wis., even having to cast a rare vote to help ensure its passage.

Senate Republicans passed a $4 trillion budget blueprint late Thursday by a narrow 51-49 vote, with Kentucky's Sen. Rand Paul joining Democrats in opposing the measure considered a key step in forward on President Trump's promises of a tax overhaul.

The White House praised the bill, saying it "creates a pathway to unleash the potential of the American economy through tax reform and tax cuts."

Matt Markgraf, WKMS

U.S. Congressman James Comer discussed at a town hall in Mayfield on Thursday the Alexander-Murray health care compromise, government spending, adoptions from foreign countries, industrial hemp and other issues with an audience of around 30 constituents. 

Aleksey Butov/123rf Stock Photo

The Illinois House will vote on overriding Gov. Bruce Rauner's vetoes of budget legislation drawn to end the nation's longest state fiscal crisis since at least the Great Depression.

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