tax cut

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)
August 17, 2017

Tax cuts for millionaires

Policy details aren’t President Donald Trump’s strong suit. His tax proposals, for example, were outlined on a single page handed out to reporters last spring.

Number of the Day

$387,510 - The average tax cut for Louisianans making $1 million or more per year under the tax proposals outlined by the Trump administration. (Source: Institute on Taxation and Economic Policy)
February 21, 2017

Budget deal takes shape

Most of the action at the Capitol on Monday occurred behind the scenes, and by the time the day ended, it appeared as though a deal was in place between House and Senate leaders to plug the $304 million mid-year deficit.