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…
As Louisiana lawmakers continue to debate how to solve the so-called “Fiscal Cliff” (to get up to speed on all the facts, be sure to check out our Citizen’s Guide to the Fiscal Cliff!), the threat of a February special legislative session looms large. Proponents of tax increases are pushing hard for this session, and taxpayers…
As the Louisiana legislature ponders ways to resolve the state’s “fiscal cliff,” policy-makers should remember the massive costs associated with the state’s embrace of Obamacare’s Medicaid expansion. Enrollment in this expansion to the able bodied (i.e., working-age adults without dependent children) has exploded, raising Medicaid expenses. Moreover, the expansion discourages work, and disadvantages the most…
As the state faces down a looming budget gap, there will be a number of proposals on the table. But, what is the real situation, and what should our state leaders do about it? Get all the facts in the Pelican Institute’s Citizen’s Guide to the Fiscal Cliff.
A new report, Addressing Louisiana’s Budget Shortfall: Strategies for Growth, released today by the Pelican Institute, Louisiana’s premier voice for free markets, found that proposals to raise taxes to finance more state government spending will hinder economic activity and growth.
When you head to the store to load up on supplies for tailgating this weekend, you will probably find some of your party necessities cost more than last year.
Louisiana’s fiscal health ranks 33rd best among the states and Puerto Rico, according to a 2016 report by the Mercatus Center at George Mason University.
Remarkably, the report ranks Louisiana 30 spots lower than it did last year. This represents the largest decline of any state in the nation.
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.
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.