Sunday, January 23, 2022


Despite a failed attempt in the U.S. Senate, more than 200 business owners call for federal reforms to strengthen election laws, and the U.S. Supreme Court deals another blow to abortion providers.


President Biden gets cheers and jeers as he marks his first year in the White House, the Jan. 6 committee wants to hear from Ivanka Trump, and the Supreme Court rejects another challenge to the Texas abortion law.


Expanded broadband akin to electrification in rural America 80 years ago; small Wyoming grocery store survives monopolization; revitalized Kansas town gets national recognition; and Montana's Native communities look for voter suppression work-arounds.

Anaylsis: House Tax Plan Tilts to Favor Wealthiest Kentuckians


Monday, November 13, 2017   

FRANKFORT, Ky. – House Republican Party leaders call their tax plan a win for the American people, but some analysts argue the Tax Cuts and Jobs Act would leave Kentuckians worse off.

The bill, which could come up for a vote this week, slashes corporate tax rates and modestly reduces household income tax rates.

Anna Baumann, a research and policy associate with the Kentucky Center for Economic Policy, explains tax cuts for Kentucky's wealthiest 1 percent would average $28,000 in 2018 and grow to more than $41,000 in the next decade.

And while tax cuts increase for the rich, they become smaller for everyone else.

"So, the bottom 60 percent of Kentuckians, people who are making less than $55,000, would have their $320 tax cut in 2018 shrink to $190 by 2027," she points out.

The plan is expected to cost about $1.5 trillion over 10 years.

Republicans say the reforms will spur economic growth, create higher wages and stimulate business activity, thus generating higher tax revenues that can bring down the deficit.

Baumann doesn't agree, and counters that the tax cuts will put more pressure on federal and state spending.

"They'll end up costing us a lot of money, eventually forcing cuts to investments in our economic security and opportunity – things like SNAP, Medicaid, Medicare, education, community development,” she maintains. “Things that our communities rely on."

The House tax cut plan would cost an average of $150 billion per year over the next decade, which Baumann argues is money that could be used on other investments.

"It could double the Pell Grant program, could double cancer research,” she points out. “Fund the full backlog of maintenance that's needed at our national parks. Provide child care assistance to 6 million children, opioid addiction treatment for 300,000 people, and training for 3.5 million workers for in-demand jobs per year."

On Thursday, Senate Republicans released their version of the Tax Cuts and Jobs Act. Baumann says despite changes to the bill, it still contains many of the same basic flaws as the House plan.

get more stories like this via email

Sen. Kyrsten Sinema, D-Ariz., was elected to the U.S. Senate in 2018 to fill the seat previously held by Republican Jeff Flake. (Flickr)

Social Issues

A wave of new Arizona voters in the 2020 election changed the normally conservative state to one where progressive candidates and ideas have a fightin…


The U.S. Army Corps of Engineers plans to use federal funds for a project to help keep invasive carp out of the Great Lakes. It is proposing using …

Social Issues

Healthcare workers at an Oregon hospital have achieved what they say is a "win" after several strikes in recent months. Nearly 300 workers and …

Pennsylvania has over 300 million square feet of big-box building rooftops, which new research suggests could provide almost half the electricity that these buildings consume if they were outfitted with solar panels. (Adobe Stock)


As Pennsylvania continues to grow its solar-energy capacity, a new report found the roofs of big-box stores present a big opportunity to increase …

Social Issues

If Iowa wants to create healthier outcomes for its residents, advocates say there are steps policymakers can take right now to make it happen…

The investigation by multiple states' attorneys general into the student-loan practices of Navient dates back to 2017. (Adobe Stock)

Social Issues

Nearly 1,200 Hoosiers are about to have some of their student-loan debt forgiven, as part of a multistate settlement with the student-loan-servicing …

Social Issues

After a defeat on Wednesday, Democrats in the U.S. Senate say they'll keep trying to pass voting-rights legislation, and one Wisconsin group wants …

Social Issues

Bridgeport is one of six U.S. cities selected for an 18-month project kicking off this month, to create more education and career opportunities for …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021