ExxonMobil

November 13, 2018

A conservative critique of tax breaks

Homeowners, non-manufacturing businesses and ordinary citizens are the big losers when local and state government give away billions of dollars in property tax breaks for large petrochemical plants. That’s the argument from former Baton Rouge Councilman Ryan Heck, a Republican, who outlined his views about the Industrial Tax Exemption Program in an essay for the far-right blog The Hayride.

Number of the Day

21 - Percentage of Americans that have no money saved for retirement (Source: Northwestern Mutual)
August 30, 2018

Exxon wins approval for ITEP

A state panel granted ExxonMobil Corp. a 10-year partial exemption on property taxes for a proposed expansion of its Baton Rouge operations that would create up to 60 new permanent jobs.

Number of the Day

229,000 - Number of children in Louisiana who will receive no increase, or a small increase of less than $75 from the Child Tax Credit under the 2017 tax law. (Source: Center on Budget and Policy Priorities)
August 17, 2018

The kids are alright

Louisianans who follow such things are used to a slew of depressing statistics about poverty, crime, low educational attainment and other maladies that affect our children.

Number of the Day

42.7 percent - The percentage of Louisiana’s total state revenue in FY 2016 that came from the federal government, the state’s largest source of revenue. (Source: Pew Trusts)