Income Tax Cut Expected to Be a Top Priority

Another cut in Kentucky’s income tax is rolling as Republicans advance House Bill 1
Republican lawmakers wasted no time advancing a bill on the second day of this year’s legislative session to further reduce Kentucky’s individual income tax rate. The bill is a top GOP priority and would move Republicans closer to their goal of eventually eliminating the tax altogether.
Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that’s expected to include action to reduce the state’s individual income tax rate
House committee advances bill to cut Kentucky income tax rate to 3.5%
The bill would lower Kentucky’s individual income tax rate from 4% to 3.5% in 2026, projected to lower state revenue by $718 million annually.
Lawmakers on both sides of the aisle prepare to discuss tax cuts in 2025 legislative session, starting Wednesday
As lawmakers prepare for the first day of the legislative session Wednesday, Republicans and Democrats both want to lessen the financial burden for Missourians. Both parties think tax cuts could be a solution,
Map Shows 9 States Where Income Tax Is Cut For 2025
The number of U.S. states which have introduced a flat individual income tax rate has grown significantly in recent years. In 2013, only 9 states had a flat rate; in 2024, they had grown to 14; now they're a total of 16. It's likely that this trend will continue in the future.
Missouri Republicans want income tax cuts. But services could be taxed instead under plan
Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to eventually eliminate the tax. At the same time, the GOP proposal would give the General Assembly the power to impose sales taxes on an array of previously untaxed services – everything from massages to furnace maintenance.
Kentuckians can expect another income tax cut
FRANKFORT Republican supermajorities in the General Assembly are expected to begin the 2025 legislative session the same way they began the 2023 session with a popular bill that will
Kentucky lawmakers pass session rules, introduce income tax cut on opening day
State lawmakers met in Frankfort on Monday to begin the 2025 legislative session — welcoming new members, introducing legislation and arguing over their own rules and procedures.
Not total déjà vu, but Kentuckians can expect another income tax cut
Republican supermajorities in the Kentucky General Assembly are expected to begin the 2025 legislative session the same way they began the 2023 session with a popular bill that will cut the state income tax rate by one-half of 1 percentage point.
Trump Allies Fret Tax-Cut Pledges at Risk With GOP Infighting
A faction of President-elect Donald Trump’s allies is harboring doubts about Republicans’ chances of passing a sweeping tax ...
This Tax-Free 7.8% Dividend Could Soar In 2025
Jerome Powell’s recent “hawkish cut” is set to light a fire under high-yielding (and tax-free!) municipal bonds.
Lindsey Graham Issues Warning to Republicans Pushing Tax Cuts
The South Carolina senator pushed for putting border security ahead of tax cuts during a Fox News interview Sunday.
Utah lawmakers have set aside more than $200 million for another tax cut this year. What break will taxpayers get?
The Utah Legislature should eliminate state income taxes on Social Security, the governor says. See what a top state ...
Tax rises and job cuts as police at 'tipping point'
Avon and Somerset Police is continuing to reduce its number of PCSOs (police community support officers) and civilian staff, ...