tax cuts
April 10, 2023
Louisiana’s economy works best when it works for everyone, regardless of race or ZIP code. With the Legislature beginning its two-month “fiscal” session last week, the Louisiana Budget Project is focused on ensuring that Louisiana has the revenue it needs to continue investing in its people and communities so that every family has what they need to reach their full potential. … Read more...
October 31, 2017
Open enrollment for the federal health insurance marketplaces begins tomorrow. Analysts predict that President Donald Trump’s cuts to enrollment outreach, along with the confusion sown by repeated health care repeal bills, will lead to fewer people with health insurance.
Number of the Day
$98,400 - Maximum income for a family of four to be eligible for a subsidy in the federal health insurance marketplace. (Source: LBP analysis)October 27, 2017
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 23, 2017
Louisiana gives away more money through corporate tax exemptions and credits than it collects from corporations in income taxes. That much has been known for years.