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Six Months After Federal Tax Law, Hundreds of Thousands of Kentuckians Have Already Benefited

Tomorrow, June 22nd, marks six months since the 2017 Federal Tax Reform was signed into law. The total impact of tax code changes have to be assessed over decades, rather than months, but the immediate impacts have been significant. Conservatively, more than 500,000 Kentuckians have seen direct benefits through bonuses, increased wages, and utility rate cuts attached to the reform (some of these are listed below). LG&E and KU announced in January that they would be delivering $180 million in savings to Kentucky utility customers. Kentucky Power announced that utility rates for 168,000 customers in Eastern Kentucky would be lower in 2018 thanks to tax reform. Similar rate cuts are expected fr

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