David Mitchell

August 13, 2018

Planning for the next recession?

Louisiana’s economy - like the nation’s - is doing quite well at the moment. Unemployment and inflation are low and growth is strong. The state budget is finally stable after a decade of turmoil. But at some point in the next few years, the economic tide will turn and Louisiana (and the country) will find itself in a recession.

Number of the Day

$318,927,883.71 - Balance of Louisiana’s Budget Stabilization Fund, down from $853,719,306 in 2008-09. (Source: House Fiscal Division; Legislative Fiscal Office).
October 2, 2017

The Trump tax plan doesn’t add up

President Donald Trump’s plan for deep corporate tax cuts could reduce federal revenue by $7 trillion over the next two decades, according to the nonpartisan Tax Policy Center.

Number of the Day

4,411,390 - Number of American citizens living in U.S. territories and the District of Columbia, meaning they have no representation in Congress. Except for D.C. residents, they can’t vote in presidential elections and don’t pay federal income tax. (Source: The Washington Post)