state and local tax deductions

August 24, 2018

SNAP work requirements hurt poor families

Shortly after Labor Day, a House-Senate conference committee will meet to debate the two competing versions of the farm bill. The main issue that could derail this important bill is a proposed work requirement for Supplemental Nutrition Assistance Program (SNAP) recipients contained in the House measure.

Number of the Day

192,000 - Number of Louisianans who would be affected by the punitive work requirements included in the House version of the farm bill.  (Source: Center on Budget and Policy Priorities)
October 27, 2017

Federal tax cut promises don’t add up

The U.S. House of Representatives narrowly approved the Senate’s budget resolution on Thursday, clearing the way for both chambers to continue their efforts to enact a $1.5 trillion tax cut that would disproportionately benefit the wealthiest Americans.

Number of the Day

23 - Percentage of Louisiana tax filers who used the state and local tax (SALT) deduction in 2015, with an average deduction of $6,742. Republicans in Congress have proposed eliminating the deduction to partially offset the cost of massive tax cuts, making the tax code more regressive. (Source: Government Finance Officers Association)
October 20, 2017

Senate passes budget resolution

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.

Number of the Day

$5.49 million - Amount an estate must be worth before incurring tax under the federal estate tax; one of a litany of cuts specifically for the super-wealthy in President Trump’s plan. (Source: Vox)