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How Trump Tax Plan Would Be Felt In Kentucky

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Earlier this week, President Donald Trump released a blueprint for changes he’d like to make to the country’s tax code. Though specifics are still unclear, Kentucky’s most profitable companies would get a tax break under the plan.

Trump’s proposal would lower the corporate tax rate from 35 percent to 15 percent, reducing tax revenue into federal coffers by an estimated $2 trillion over 10 years.

Tyler Houlton, director of federal affairs at libertarian-leaning Americans for Prosperity, said the move would spur economic growth.

“If you get a tax cut across the board, which we support, that helps everyone," Houlton said. "You can hire more people, you can expand your business things like that. That helps drive the economy, create economic growth.”

Louisville-based Humana, which employs more than 50,000 people and made over $54 billion in 2015 would have to pay about $11 billion less in taxes.

Yum! Brands, which employs more than 500,000 people and made over $13 billion would cut a little more than $2.5 billion in taxes.

Ryland Barton is the Managing Editor for Collaboratives for Kentucky Public Radio, a group of public radio stations including WKMS, WFPL in Louisville, WEKU in Richmond and WKYU in Bowling Green. A native of Lexington, Ryland most recently served as the Capitol Reporter for Kentucky Public Radio. He has covered politics and state government for NPR member stations KWBU in Waco and KUT in Austin.
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