Jim Tankersley

January 30, 2018

Reforming statutory dedications

A frequent talking point among opponents of tax reform is that Louisiana’s structural budget problems can be fixed by removing the legal restrictions that protect various pots of money.

Number of the Day

12.7  - Percent of 2018-2019 executive budget that is made up of statutory dedications (Source: Division of Administration)
November 7, 2017

House tax plan benefits richest 1 percent

The wealthiest 1 percent of Louisianans will get the greatest share of the tax cut plan proposed by the U.S. House of Representatives. And the share of the tax cuts going to the top 1 percent would grow through 2027, according to a 50-state analysis of the House tax plan released yesterday by the Institute on Taxation and Economic Policy (ITEP).

Number of the Day

48 percent - The top one percent of earners’ share of the proposed House tax cut in 2027  (Source: Center on Budget and Policy Priorities)
November 2, 2017

House proposes huge corporate income tax cut

House Republicans released their tax plan this morning, one day later than originally scheduled due to last-minute negotiations. The plan would cut taxes for corporations and individuals by $1.51 trillion over a decade, which would likely force cuts to federal health and safety-net programs that benefit middle-class families.

Number of the Day

85 - Percentage of students in alternative schools in Louisiana who are black; just 44 percent of the state’s student population is black.  (Source: Nola.com/The Times Picayune)
October 11, 2017

Digging into dedications

When Louisiana faces a fiscal crunch, the first place legislators often look for cuts is the area of the budget known as “statutory dedications,” or money that’s set aside for a specific purpose, and often funded by a dedicated tax or fee.

Number of the Day

63 - Percentage of students receiving TOPS awards who come from families with incomes of $100,000 or less (Source: Louisiana Office of Student Financial Assistance via The Advocate)