skip to main content
skip to newscasts

Sunday, April 28, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Amid Pension Debate, Corporate Tax Breaks Remain Untouched

play audio
Play

Tuesday, October 29, 2019   

FRANKFORT, Ky. — Funding for Kentucky's pension system continues to be a fiercely debated topic, and some experts say putting an end to corporate tax breaks could help boost the revenue stream for public-employee retirement plans.

Captain Brian O'Neill is a firefighter and president of the Louisville Professional Firefighters Union. He said he's troubled by the ongoing push to chip away at pension benefits and health-insurance options for his colleagues.

"I'm working alongside of other firefighters that are doing the same job that I am, that are taking the same risks that I am, but based not on anything that any one of us did but just based on when you were hired, you have a different benefits structure,” O’Neill said. “There's a lot of concerns about how these certain people will be able to take care of themselves in retirement."

According to a study by the policy center Good Jobs First, in Kentucky, about $580 million per year is lost to corporate subsidies, tax breaks and the use of offshore tax havens.

Ellen Yonts Suetholz, coordinator of the Kentucky Public Pension Coalition, said the math is simple.

"We take in less in revenue every year than we give out in tax breaks. That issue has not been addressed,” Suetholz said. “No one wants to be the one that's raising taxes or taking away some of these benefits that some of the corporations in our state enjoy."

Lawmakers and Gov. Matt Bevin remain at an impasse on the pension funding issue, and Suetholz said it's unclear what will happen next. She said Democratic gubernatorial candidate Andy Beshear has suggested expanding casinos and medical marijuana as potential moneymakers to fund the pension system.

"I think Bevin has shown us his priorities, in that he hasn't addressed it in four years,” she said. “And then, you know, Beshear may have good intentions, but does he have a legislature that will work with him on that?"

The Kentucky Supreme Court recently heard oral arguments in a lawsuit against hedge fund managers responsible for the state retirement system's investments. A group of public employees initially filed the lawsuit in 2017.


get more stories like this via email

more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

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