Matthew Yglesias
November 30, 2017
In 2002 Republicans and Democrats in Louisiana came together and hashed out a compromise - known as the “Stelly Plan” - to stabilize the state’s fiscal situation. It remains to be seen whether that will happen again in 2018.
Number of the Day
50 - The number of estates in Louisiana that are worth enough to benefit from the estate tax cut included in the Senate tax plan. (Source: Center on Budget and Policy Priorities)November 29, 2017
The chair of the state House Appropriations Committee, Rep. Cameron Henry, contends that the Legislature needs to wait to see what happens at the federal level before addressing the state’s fiscal cliff.
Number of the Day
$1.38 billion - Amount of temporary state revenue that expires on June 30 of next year, the main driver of the projected $1.52 billion state general fund shortfall for the fiscal year beginning next July 1. (Source: House Fiscal Division via LBP)October 20, 2017
Voting mostly along party lines, the U.S. Senate cleared the way Thursday for a massive tax cut package that would primarily benefit the wealthy and profitable corporations.