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In The Spotlight

A stronger EITC can mitigate sales tax increase

As lawmakers consider their options for raising necessary revenues, they should make sure that low-income and working Louisianans aren’t disproportionately hurt by any tax increases. The best way to do that is to expand Louisiana's Earned Income Tax Credit.

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The Daily Dime

Edwards: Budget crisis is first priority; Bill banning LGBT employment discrimination heads to Senate floor; and Need-based aid for college students dwindles; Where would we be without the ACA?

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The Daily Dime is a summary of the day's news stories related to the state budget and issues that affect low- and middle-income individuals and families, compiled every business day by Louisiana Budget Project staff.

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Our Two Cents

By Jan Moller

Times of crisis call for shared sacrifice. But the deal being offered by big business interests to solve Louisiana’s historic budget shortfall would violate that basic principle by putting too much of the burden on working families that can least absorb a tax increase.

With Louisiana facing a $900 million budget gap that threatens critical health and education programs, a temporary one-penny increase to the state sales tax is a reasonable solution – as long as it’s part of a broader framework of revenue increases and prudent budget cuts. Even so, raising the state sales tax from 4 percent to 5 percent would make Louisiana’s combined (state & local) sales tax rate the highest in the country, according to the Tax Foundation.Who Pays? One penny

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