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Revenue and Taxes

REPORT: Blueprint for a Stronger Louisiana

Posted on February 22, 2017
It's time to trade the never-ending cycle of budget shortfalls for long-term stability that allows for new investments in Louisiana’s communities. #InvestInLA

Eliminate the state tax deduction

Posted on June 19, 2016

By Jan Moller

With only a few days left before its June 23 adjournment, Louisiana’s Legislature seems unlikely to raise all the revenue needed to avoid deep cuts to education, healthcare and other critical services. But there is still time to pass a much-needed reform to our income tax system by repealing the ability to deduct state income taxes on state tax returns.… Read more...

The federal deduction needs reform

Posted on February 22, 2016
Louisiana policymakers have a rare opportunity to reform an unproductive tax break that costs the state nearly $1 billion per year: the deduction for federal income taxes.
Louisiana’s legislators took modest steps to address the state’s structural deficit this session, but missed several opportunities to fix the bigger problems—the widespread poverty, poor health access and low education attainment that keeps too many hard-working Louisianans from reaching their full potential.

A stronger EITC helps families

Posted on June 1, 2015

The Louisiana Legislature has a chance this week to help more than 500,000 working families across the state by strengthening the Earned Income Tax Credit (EITC). House Bill 70 by Speaker Pro Tem Walt Leger III would double the state credit to 7 percent of the federal EITC, from the current level of 3.5 percent. … Read more...

The Louisiana Legislature starts its 2015 session this week amid a historic budget crisis that was years in the making. Louisiana’s constitution requires a balanced budget, yet the projected gap next year between tax revenues and expenses stands at $1.6 billion. Unless this deficit is plugged in a thoughtful manner that includes new revenues, the result could be deep cuts to critical state investments in education, health care, infrastructure and public safety.

By Steve Spires

Later this week, Gov. Bobby Jindal’s administration will lay out its recommendations for filling a $1.6 billion gap between revenues and expenses in next year’s state budget. Early media reports say the budget will call for steep reductions to state services that citizens depend on, such as higher education, health care and roads.… Read more...

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.… Read more...

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