
Bill Lowering Income Tax Clears House
Clip: Season 3 Episode 161 | 2m 54sVideo has Closed Captions
A bill that would further lower Kentucky's income tax cleared the Hous with some bipartisan support.
Kentucky's House of Representatives signed off on a state income tax reduction from 4% to 3.5% on Thursday. The bill gained some bipartisan support, though there was still plenty of debate.
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Kentucky Edition is a local public television program presented by KET

Bill Lowering Income Tax Clears House
Clip: Season 3 Episode 161 | 2m 54sVideo has Closed Captions
Kentucky's House of Representatives signed off on a state income tax reduction from 4% to 3.5% on Thursday. The bill gained some bipartisan support, though there was still plenty of debate.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipKentucky's House of Representatives signed off on a state income tax reduction from 4% to 3.5%.
It's a small change on paper that gained much debate on the House floor, though eventually grasping some bipartisan support.
Republicans say it's a change that will keep more money in the Kentuckians pockets.
Democrats say state government would lose more than $700 million annually.
Much more in tonight's legislative update.
If you look at what this majority party has done, reducing income taxes from 6% to 3%, 3.5% today, that is an average on the average Kentucky household.
According to the Federal Reserve data, the average Kentucky household, you if you have voted for these things, have reduced taxes on the average Kentucky household by $1,549.50.
Kentucky is a poor state.
We are not going to tax our way to prosperity.
We all want to support the Medicaid programs and the schools and fund all the things that we all care about.
But you can't do it by overtaxing folks.
We do it by growth.
This cut roughly would equal about $12 a paycheck for an average household.
Kentucky, an income of about $61,000 a year, $12 a paycheck may not seem like a lot to a lot of people in this chamber, but it can mean a whole lot to that family who's struggling.
This cut helps some, but it does not help the least among us.
As much as we should and as much as we could.
There are a litany of other policy decisions that this body could undertake that can make an immediate financial significant impact on the working class families of Kentucky.
If we had the courage to move forward and do so with the funds that we have right now to date a child tax credit, raising the minimum wage to an actual livable wage or universal preschool that the governor talked about last night in the state of the Commonwealth would mean.
So much more to working class families.
Then $12 a paycheck.
Now, some Democrats did side with Republicans.
In the end, House Democrats supported a change, lowering the income tax only for Kentuckians making less than $100,000 a year.
Republicans shot down that amendment.
The Senate stayed late to receive House Bill one.
It now heads to a Senate committee.
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Kentucky Edition is a local public television program presented by KET