Kentucky Center for Economic Policy says U.S. House tax plan benefits wealthiest Kentuckians

A new 50-state analysis of the U.S. House tax plan released last week reveals that in Kentucky the wealthiest 1 percent of Kentuckians would receive the greatest share of the total tax cut in year 1 and their share would grow through 2027. Further, the value of the tax cut would decline over time for every income group in Kentucky except the very richest. House leadership continues to tout the tax...

Dorsey Ridley: Bill to save Kentucky’s pensions finally released, but success remains doubtful

A draft of the massive 505-page bill to address Kentucky’s public pension challenges was released in the late hours of Friday. I expect the draft bill reflects what was disclosed a few weeks ago when the governor released an outline of the proposed legislation but further scrutiny may cause additional concerns. The Kentucky Center for Economic Policy analysis of the bill has already found that money...

Ashley Spalding: Kentucky’s preschool, kindergarten programs effective but need greater investment

High quality early childhood education has long been understood to be an important investment with a significant return. While our state has done more in recent years to expand access to preschool and full-day kindergarten, a new report from the state Legislative Research Commission shows there is real need for additional investments. Preschool The report describes how effective our state’s preschool...

Dustin Pugel: Cassidy-Graham proposal greatest threat yet to Kentucky’s health care coverage

The latest attempt to repeal the Affordable Care Act (ACA) is known as Cassidy-Graham, and it very well may be the greatest threat to Kentucky’s health care we’ve seen. The state’s recent success in getting people coverage, and even health care gains achieved decades ago, are at risk of being undone with this legislation. The bill, sponsored by Senators Bill Cassidy and Lindsey Graham, is perhaps...

New data shows rise in number of Kentuckians with health insurance coverage thanks to ACA

Newly-released U.S. Census data shows Kentucky continued its historic progress in reducing the share of residents without health insurance coverage in 2016, down to only 5.1 percent compared to 6.0 percent in 2015 – a statistically significant drop over the past year. The new American Community Survey data (ACS) shows Kentucky has also experienced a statistically significant 9.2 percentage point...

Jason Bailey: Proposed 401ks cost more than Kentucky’s existing defined benefit pension plans

The 401k-type defined contribution (DC) plans proposed by PFM in their final report would cost more than Kentucky’s existing defined benefit (DB) plans, according to data from PFM itself and the systems’ actuaries. Under a switch, the state would pay more for a plan that reduces the retirement security of its workers. PFM’s proposed DC plan would require employees to make a minimum three percent...

Jason Bailey: Legislative session on pensions without new revenue won’t fix the problem

By Jason Bailey Special to KyForward In January, Gov. Bevin announced he would call a special session this year on pensions and tax reform. At the time, he said the issues must go together and rightly asserted tax changes could not be “revenue neutral” — meaning they must generate new dollars to meet our ongoing obligations. In recent interviews, however, the governor has seemingly backed away...

Kentucky among bottom 10 states for per-student funding for public universities, report says

An annual report on higher education cuts across the U.S. shows Kentucky’s continued budget reductions are keeping it among the bottom 10 states when it comes to per-student funding cuts to our public universities and community colleges. The report, from the Washington, D.C.-based Center on Budget and Policy Priorities, shows Kentucky in the bottom 10 states in cuts since 2008 — a decline of 26.4...

Ashley Spalding: Five things to keep in mind as college students head back to school

By Ashley Spalding In colleges across Kentucky, students are beginning their fall semester — some for the first time, some returning to complete a degree. Here are five things about higher education in our state to keep in mind as the new school year begins. State budget cuts have continued Kentucky ranks in the bottom 10 states in the nation for per-student higher education funding cuts since 2008,...

Urban Institute study predicts Kentucky’s uninsured population would triple if ACA is repealed

By Dustin Pugel Special to KyForward Kentucky would see its uninsured rate more than triple under the proposed Senate bill to repeal the Affordable Care Act (ACA). According to the Urban Institute, Kentucky’s uninsured population would jump by 541,000 people in 2022 based on the proposed changes to the healthcare system. The primary reason for the coverage losses is a cut in federal funding for...

GOP health care opponents call latest Senate plan as a ‘tax cut’ for the rich during rally

By Tom Latek Kentucky Today Supporters of a single-payer health care system rallied in Frankfort on Monday calling the GOP’s replacement bill for Obamacare a tax cut for the rich. About 75 people gathered at the Capitol Rotunda for a “Save Our Healthcare” rally, sponsored by Together Frankfort and other groups dissatisfied with the health care plans offered by Republicans in Washington. Dustin...

Kentuckians who lose coverage resulting from Medicaid cuts will have few if any options

By Dustin Pugel Special to KyForward Many of Kentucky’s 1.4 million Medicaid enrollees would lose coverage from the radical cuts proposed in the American Health Care Act (AHCA) and the proposed Trump Budget. Because of the changes in the AHCA to the marketplaces, those left without Medicaid coverage wouldn’t have other affordable options for insurance, either. This toxic combination of slashing...

Commentary: Trump budget proposal would harm Kentuckians, push massive costs onto state

By Jason Bailey Special to KyForward President Trump’s budget slashes nutrition, health care, and other important assistance that helps hundreds of thousands of Kentuckians meet basic living standards – food on the table, a roof over their heads, and access to health care – while giving new tax breaks to the wealthy and powerful. The budget stands in stark contrast to the commitments the President...

Congressional Budget Office review shows 23 million would lose coverage under health care repeal

By Dustin Pugel Special to KyForward The Congressional Budget Office’s (CBO) review of the health care repeal bill passed by the House weeks ago estimates that 23 million Americans would lose coverage, many low-income and older individuals’ health care costs would rise, and people with poor health would be left with unusable and unaffordable insurance options. The American Health Care Act (AHCA)...

Commentary: Study of Indiana’s Medicaid program a warning against state’s plans to charge premiums

By Dustin Pugel Special to KyForward A recent evaluation of Indiana’s Medicaid waiver program should stand as a warning for Kentucky policymakers attempting to similarly charge premiums in our own Medicaid program. While proponents of Kentucky’s Medicaid waiver proposal say charging premiums wouldn’t be a barrier to coverage and care for low-income Kentuckians, the findings of the study of Indiana’s...

Commentary: New House health care proposal takes a harmful plan and makes it even more destructive

By Dustin Pugel Special to KyForward Let’s be clear: Rather than a compromise, the new version of the American Health Care Act makes a deeply harmful plan even more destructive. The original proposal, the House’s plan to repeal and replace Obamacare, failed in part because some members were rightly worried about 24 million people losing health coverage, as projected by the Congressional Budget...

Commentary: Any reform of Kentucky’s tax code should meet three specific principles

By Jason Bailey Special to KyForward With the 2017 Kentucky General Assembly in the books, Governor Bevin and the legislature will now turn their attention to a possible special session later this year that will focus on tax reform and pensions. The need to clean up the tax code is among the biggest issues facing the Commonwealth. The growth of tax breaks increasingly undermines our ability to make...

Young undocumented workers in Kentucky contribute more than $9 million in state, local taxes

With uncertainty around how the Trump administration will treat policies that currently offer protection to undocumented immigrants brought here as children, a new report from the Institute on Taxation and Economic Policy (ITEP) shows these young immigrants pay a higher state and local tax rate in Kentucky than the wealthiest people in the state do.    The report estimates the 6,000 young undocumented...

Commentary: Paying taxes causes aggravation for many, but we all benefit from the results

By Anna Baumann Special to KyForward Across the commonwealth, Kentuckians were filing their taxes this week; and many are wondering if and how the Governor’s intention to do tax reform this year will impact what they pay in the future. The principles of good tax reform are clear (that it generates new revenue to invest in our communities in a fair and reliable way). Tax Day is a good time to remember...

Many bills passed during 2017 legislative session will have significant impact on state budget

By Pam Thomas Special to KyForward The just concluded 2017 legislative session was not a budget session. However, the General Assembly passed a number of bills that will have an impact on state finances including the current budget as well as future budgets and revenues. The most significant legislation affecting the budget is discussed below. Various measures that passed will add to growing costs...