April 18, 2017

Here comes the CAT

The centerpiece of Gov. John Bel Edwards’ tax reform plan - a new tax on corporate sales, or Commercial Activity Tax - was revealed late Monday with the filing of House Bill 628 by Rep. Sam Jones of Franklin.

Number of the Day

15.1 -  Number of days the state could stay afloat using all of the money in the Rainy Day Fund, down from 69.3 days in 2007 (Source: The Pew Charitable Trusts)