Tag: tax
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Why Trump’s tax law could limit Biden’s efforts to protect Arctic wildlife from drilling
The Biden administration’s efforts to protect wildlife in the Arctic from oil and gas drilling is on a collision course with a Trump-era law requiring oil and gas leasing there. When President Biden was on the campaign trail he called for “permanently protecting” the Arctic National Wildlife Refuge from drilling. And this past week, his…
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Kentucky misses a fiscal trigger for personal income tax rate cut in 2025
FRANKFORT, Ky. Kentucky’s individual income tax rate is set to remain the same in 2025 after the state failed to meet certain fiscal requirements that would have ushered in another reduction under a Republican plan to phase the tax out. According to a recent letter to lawmakers from state Budget Director John Hicks, only one…