governor calls special session of louisiana legislature in 2018

Pelican Institute Statement on February Special Session

Governor Edwards has called the legislature into special session starting February 19 to address the so-called “fiscal cliff.” The legislature will consider, per the official order, a variety of options to raise taxes. We are pleased, however, that the Governor has also included much-needed spending and transparency reforms, including Louisiana Checkbook. Given so many unanswered questions about projected revenue and so…

Taxing Fun

Louisiana Representative Robert E. Billiot, a Democrat from District 83 in Jefferson Parish, recently withdrew his bill which was designed to imposed a 1-percent sales tax on televisions and video game equipment. That money would have gone toward building playgrounds and fighting childhood obesity. Here is another example of a legislator thinking that he knows…

Income Growth in Louisiana

Preliminary estimates released by the U.S. Bureau of Economic Analysis revealed that personal income growth slowed in 2008. In Louisiana, personal income growth slowed to 4.2 percent in 2008, a virtual crawl compared to 10.2 percent in 2007. Of course the decline is not limited to Louisiana, as personal income growth nationwide slowed to 3.9…