New report gives Louisiana an “F” for human capital – a measure of the labor force’s education and skills – for a third year in a row.
Fergus Hodgson provides an overview of tax policy changes within the current legislative session.
Despite smooth sailing in the House, the National Debt Relief Amendment came to an abrupt halt this morning. Sen. Karen Peterson (D-New Orleans) came out aggressively against it, and without objection she had it deferred in its Senate committee hearing.
“A basic analysis of our public school system’s core metrics argues loudly against any additional revenue, and in favor of much lower spending.”
An expansion of state taxing powers – HB 641 – better known as the Amazon tax, passed the House today with a vote of 78 to 14.
HB 531, which was passed unanimously by the House, would create the Lafayette Parish Redevelopment Authority, which would approve local government use of future property, sales, and other taxes to pay back debt-funded development of “blighted” or “distressed” areas.
HB 641 – better known as the Amazon tax – would reclassify out-of-state companies as in-state if they receive commissioned referrals from in-state affiliates.
Sadow: “With little disruption Louisiana could wipe out its corporate income tax in a little over a year… economic activity set off by the elimination of these would swell the state coffers by other means.”
In the face of unsustainable federal debt, Congress and the President appear unwilling and impotent to do anything about it. Robert J. Thorpe contends that the states must initiate a limit on spending, such as the National Debt Relief Amendment, via an Article V amendments convention.
The Pelican Institute has released three pieces of research to clear the air over the National Debt Relief Amendment and other Article V amendments. Escalating debt and an unrestrained federal government suggest the time is overdue for a state-initiated amendment to the U.S. Constitution.