Low cigarette taxes cost everyone

Posted on March 24, 2015
A large part of the costs of smoking in Louisiana are paid by people who don’t smoke.

LBP reviews the 2014 Legislature

Posted on June 4, 2014
The Louisiana Legislature wrapped up its 2014 regular session without tackling many of the state’s critical challenges, according to a new report by the Louisiana Budget Project. While legislators largely avoided the destructive cuts that have become the norm in recent years, they failed to address the state’s structural budget problems or take advantage of opportunities to help low-income families.

Louisiana Needs a Higher Wage

Posted on February 20, 2014
Louisianans of all political stripes strongly favor establishing a state minimum wage of at least $8.50 an hour that would keep pace with the cost of living, according to polling data released as part of a new report from the Louisiana Budget Project.   The report by David Gray, “Louisiana Needs a Higher Wage,” also found that an $8.50 minimum wage would provide an immediate raise for 184,000 workers, create an estimated 1,400 new jobs and pump more than $187 million into Louisiana’s economy.  

As the Legislature prepares for another session of tinkering with Louisiana’s public retirement systems, a new report by the Louisiana Budget Project looks at the ways public pensions pump money into local economies.

Louisiana’s defined-benefit pension plans are more than just retirement security for teachers and state workers.… Read more...

The State of Working Louisiana 2013

Posted on August 29, 2013
While corporate profits and worker productivity have grown considerably in Louisiana over the past three decades, typical Louisiana workers did not see much improvement in their paycheck, according to a new report by the Louisiana Budget Project.

The 2013 state Legislative session is likely to be remembered more for what didn’t happen than for what did. Tax reform died in the first week of session, Legislators denied health coverage to 400,000 low-income Louisianans and a hard-fought budget compromise failed to address the state’s structural deficit.… Read more...

A new report finds that Louisiana ranks among the worst states for income inequality, and that inequality has grown faster in Louisiana than in most other states since the late 1990s. The average income of Louisiana households in the richest 20 percent was 8.8 times greater than incomes in the poorest 20 percent of households in the late 2000s, according to the new study by the Center on Budget and Policy Priorities (CBPP) and the Economic Policy Institute (EPI). That’s the sixth highest in the country, trailing only New Mexico, Arizona, California, Georgia and New York.

With poverty on the rise in Louisiana, a new Louisiana Budget Project report urges policymakers to consider doubling the value of the state’s Earned Income Tax Credit (EITC)—one of the most effective anti-poverty policies.

Nearly 30 percent of Louisiana households receive the EITC, which rewards and encourages work by increasing income.… Read more...

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