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In The Spotlight

Taxing the Poor

The “Who Pays?” report shows once again that the poorer you are in Louisiana, the higher your tax rate. This is not only unfair, it also acts as a drag on the overall economy. Luckily, there are steps that policymakers can take to change this imbalance.

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The Daily Dime

The Uneven Recovery; GOP Governors Buck Party Line on Taxes; Colleges bracing for deep cuts; and Legislators considering pension raid

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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

Uneven Recovery

Posted on January 26, 2015

By Steve Spires

 

Families have now heard for years that the economy is recovering. Here in Louisiana, an industrial boom along the Mississippi River corridor and in the Lake Charles area is promising tens of thousands of new jobs. But despite the sunny talk, most working families aren’t seeing the results in their paychecks.

 

That’s because all—literally all—of the income gains in Louisiana in the three years after the recession went to the top 1 percent of households, according to a new analysis of income tax records from the Economic Analysis and Research Network (EARN).

EARN graphic 1 9.01.53 PM Continue reading…

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