tax breaks

March 19, 2018

Doctors are leaving Louisiana

Louisiana’s chronic refusal to address its structural budget deficit is a likely reason medical school graduates are leaving the state at higher rates than just a few years ago. As the AP’s Melinda Deslatte reports, last week was when newly minted doctors found out where they will “match” with post-graduate residency programs.

Number of the Day

$53.3 million - Annual payments Louisiana will receive from BP over the next 15 years for economic damages associated with the 2010 Gulf of Mexico oil spill. Legislation filed for the current session would allow the money to be spent on general operations instead of squirreled away in special funds (Source: Associated Press)
September 11, 2017

On tax breaks and job creation

It’s been a conservative mantra for years: If you cut taxes on corporations and ladle out incentives, they will create jobs and grow the economy.

Number of the Day

350 - Number of bills that have been filed proposing changes to the TOPS program since its inception. Of these, 75 have been enacted in law (Source: Associated Press)
August 31, 2017

Corporate tax cuts mainly help the rich

President Donald Trump laid out the broad outlines of his plan to cut corporate taxes in a speech on Wednesday.

Number of the Day

$190 billion- Estimated economic impact of Hurricane Harvey, exceeding the economic impact of Sandy and Katrina combined. (Source: Accuweather)
August 28, 2017

Starving higher education

How bad is the financial crunch at Louisiana's colleges and universities? So bad that at Nicholls State University, appropriations from the state are no longer enough to cover all "mandated" costs - money that goes back to the state to pay for pensions, security, health benefits and the like.

Number of the Day

$1.07 - Amount that Nicholls State University spent on costs mandated by the state in 2016-17, for every $1 in general fund support it received. (Source: The Advocate)