Economic Justice News

9 Reasons Why Kentucky Needs to Fund Public Pensions

November 21, 2017 at 05:45pm

We’ve built serious momentum in Kentucky around stopping Governor Bevin’s dangerous public pension bill while advancing a commonsense plan to find revenue to fund the pension and other public investments through the Kentucky Forward Plan.

Mishmash of tax breaks unfair, shrinks Ky. budget

November 17, 2017
Lexington Herald Leader

Is it fair that most people and businesses pay their full share of taxes to support our state while some don’t?

No, of course not. And the large and growing tax breaks — they don’t sunset so with each new one the drain on the treasury grows — are bankrupting the state.

Trump’s people are messing with Medicaid. Here’s why they shouldn’t

November 20, 2017
Lexington Herald Leader

It is deeply troubling that Medicaid rules have been rewritten to usher in a new era of Medicaid waivers with requirements and penalties that no previous administration has ever approved. In fact, they have been the basis for rejecting waivers in the past.

LTE: Bevin should be working on fair tax reform

October 24, 2017
The Advocate Messenger

Dear Editor,

Soky Member reflects on the Fund Our Pension rally in Frankfort

November 8, 2017 at 03:31pm

When I became a member of KFTC a few short months ago, I wanted to find ways to make a difference in our community and in our Commonwealth. I had such an opportunity when I was able to attend the Fund Our Pension Rally in Frankfort on November 1. I have been shocked and horrified by our Governor’s depiction of state workers, and especially of public school teachers, as greedy, lazy, and yes, unsophisticated. As one speaker from Vocational Rehabilitation pointed out, he saved as many sick days as he could so if he or his wife or one of his kids had an accident or a serious illness, he would have time to take off. If a worker comes to work with the sniffles or on crutches or with a cast on their arm (I have done all three) and still does their job, and then retires with a couple of months of sick time built up, they should be paid for it.  They could have stayed home and left work undone, but they didn’t.  That is their time accrued and promised to them. The Governor has tried, with some success, to drive a wedge between the private and public sectors.  What people need to know is that when I retired three months ago, the college-educated person who was hired to take my place started at $12.15 an hour.  They could have started at Target with a high school diploma for $11.00 an hour, so, believe me, we don’t work for the state out of greed. I heard one speaker talk about how state workers clear our streets, teach our kids, inspect our swimming pools, help the disabled find jobs, keep us safe, put out our fires, and on and on. No, these are not lazy people, these are people who work for little compensation to care for their fellow citizens. And unsophisticated was just another word for stupid, so I will not even stoop to answer that one. It was clear from the signs and the speeches that no one was happy with that insult.

Trickle-Down Dries Up

October 26, 2017
Institute on Taxation and Economic Policy

This study compares the economic performance of the nine states without broad-based personal income taxes to their mirror opposites—the nine states levying the highest top marginal personal income tax rates throughout the last decade.

Tax reform should be key part of Kentucky pension reform

October 20, 2017
The Courier-Journal

Kentuckians are eager to support fiscal responsibility and smart investments in our state by cleaning up tax breaks. Tax reform legislation doing just that was filed by six dedicated House members in July in response to Gov. Bevin’s request for ideas to address our fiscal crisis.

Solving Kentucky pension crisis requires tax reform, more revenue and clear heads

September 20, 2017
The Courier-Journal

Do legislators have a responsibility to keep pensions intact? Of course they do. 

We cannot solitary budget cut our way out of this. New revenue is also required.

Report says Kentucky’s proposed pension ‘reforms’ could make everything worse

October 16, 2017
Herald-Leader

Sweeping changes recommended for Kentucky’s public pension systems would cost taxpayers and public employees more money while making public employment far less attractive to future generations, according to a report released Monday.

Profitable Fortune 500 Companies in Kentucky Avoid Paying Millions in State Corporate Income Taxes

April 27, 2017
Kentucky Center for Economic Policy

Despite strong profits for the nation’s biggest and most successful multistate corporations, a large share of Fortune 500 businesses — including some Kentucky-based companies — are paying taxes at a rate much lower than established tax rates, with some paying no taxes at all, according to a new report by the Institute on Taxation and Economic Policy (ITEP).