Governor Matt Bevin and state GOP leaders recently unveiled a proposal to overhaul the state's beleaguered pension systems. But what does it mean for teachers and other state workers? How will this plan affect people who aren't in the pension systems? Many agree something needs to be done about the state's pension crisis. So, if not this plan, then what could work as an alternative?
On December 31st, the George W. Bush era tax cuts will expire and new tax hikes take effect. The combination of the two will send the effective top tax bracket rate on stock dividends up to over 43 percent, from 15 percent.