All findings of the 2016 Index considered, the regimen for Louisiana is clear. Louisiana needs to adopt more fiscally responsible policies, including a tax policy overhaul if it wants to improve its Economic Outlook and become more hospitable to individuals and businesses.
All in all, Americans will spend more on taxes than they will on food, housing and clothing combined.
The question of whether states can or should tax businesses when their only in-state presence is an internet link on an affiliate’s website has been a point of controversy in recent years.
But raising the state sales tax without reducing other taxes will just knock the state of its top-five states for taxes and distance itself from the leaders in the country.
Those calling to increase state revenue by eliminating the inventory tax credit need to be reminded that taxes make doing business more expensive. The more expensive an activity is, the less a person can engage in it.
What if the states could advance and ratify a powerful federal balanced budget amendment in just twelve months? It could happen with a new approach to state-originated amendments under Article V of the United States Constitution.
Last week the Pelican Institute was one of many organizations to receive a remarkable letter from United States Senator Dick Durbin.
To put it simply, offering families a less inexpensive burial option allowed grieving families to make an economical and dignified choice in a time of need and great stress.
The study finds that the Governor’s tax reform would create 11,810 new jobs in the state by 2017– or roughly 3,000 jobs per year directly relate to these tax changes—while maintaining revenue neutrality.
Many Americans are now looking to state legislatures to step in and take the lead in amending the Constitution to curb the Congress’ outrageous spending problem.