tax reform

KFTC.ORG

  Left-leaning advocacy group Kentuckians For the Commonwealth held a protest Wednesday in Paducah against Governor Matt Bevin’s plan to overhaul the state tax code. Bevin was in Paducah to sign the ‘Leeper Act’ - lifting the state’s nuclear moratorium. He has said he plans to call a special session in the coming months to overhaul the tax code in an effort to address the ailing pension system. KFTC representative Amanda Groves said the governor’s proposed tax reform plan isn’t about reform at all.

 

Anne Kitzman, 123rf Stock Photo

Kentucky Governor Matt Bevin says a special session of the state legislature will happen after August 15.

Matt Markgraf, WKMS

Members of the Murray business community want to see more local control emerge from a special session on tax reform. 

Jacob Ryan/WFPL

Kentucky Governor Matt Bevin doesn’t anticipate the special legislative session planned later this year to provide all the tax reform solutions.

Congress returns Tuesday from its spring recess, facing yet another down-to-the-wire spate of deal-making — and a White House anxious to claim its first major legislative win.

On Friday night, the funding measure lawmakers approved last year to keep the federal government running will expire. The timing leaves members of the House and Senate just four days to reach a new agreement to fund the government, or risk a partial shutdown of federal agencies on Saturday — the 100th day of Donald Trump's presidency.

If you filed for an extension on your taxes this week, you're right in step with the Trump administration and Republicans in Congress. They've put off voting on their promised tax overhaul until after they take another whack at repealing and replacing Obamacare.

That's got some Republicans concerned, including Stephen Moore, who was an economic adviser to the Trump campaign.

"You know, you've got a period when you're first elected where you've got to rush and get things done before that window slams shut," Moore says.

comer.house.gov, cropped

U.S. Congressman James Comer discussed Syria, healthcare, tax reform and thoughts about President Trump with Murray-Calloway County business leaders at a Chamber of Commerce breakfast on Tuesday morning. 

Hieng Ling Tie, 123rf Stock Photo

A one and a third billion dollar investment in Kentucky’s automotive industry is not changing a legislative leader’s mind about the need for broad tax reform. Toyota officials announced Monday plans to spend the funds over five years to revitalize design, engineering, and production at the Scott County plant.  

Even as they lick their wounds from a failed Affordable Care Act repeal effort, Republican leaders in Washington are looking ahead to the next battle — over taxes.

"I would say that we will probably start going very, very strongly for the big tax cuts and tax reform," President Trump told reporters Friday. "That will be next."

Republican House Speaker Paul Ryan agreed, though he conceded that the defeat on health care was a setback.

"This does make tax reform more difficult," Ryan said. "But it does not in any way make it impossible."

Jacob Ryan-WFPL/Kentucky Public Radio

Gov. Matt Bevin delivered his second State of the Commonwealth address Wednesday night. It marked the first time in state history a Republican governor of Kentucky addressed a joint session of a Republican-led legislature.

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