Policy differences within Louisiana’s Republican Party complicated efforts to pay down the unfunded accrued liabilities (UALs) within the state’s retirement funds. Rep. Kevin Pearson’s (R-Slidell) was defeated in the Senate Retirement Committee on Sunday.
Achieving a highly improbable turnaround, Rep. Noble Ellington’s (R-Winnsboro) resolution for an anti-debt amendment to the U.S. Constitution won approval from the Louisiana Senate yesterday.
Over the past few years, the Republican Party has shifted more the direction of Rep. Ron Paul’s libertarian positions, according to some the political activists who attended the Republican Leadership Conference (RLC) in New Orleans. The Texas Republican was among the speakers.
The American Enterprise Institute has released a working paper stating the federal compensation premium compared to private compensation is approximately 61 percent.
Rep. Brett Geymann’s anti-spending resolution remains in effect after a counter-measure from Rep. Erich Ponti (R-Baton Rouge) was withdrawn Tuesday. This means “one-time” money cannot be used to balance the budget without a 2/3 vote of approval from House lawmakers
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 Jindal-backed House resolution to reinstate one-time money to cover current budgetary expenses is up for debate today in the House.
With not a single opponent, Louisiana’s House of Representatives has endorsed the National Debt Relief Amendment and its call for a state-initiated amendment to the United States Constitution.
Rep. Kevin Pearson’s retirement reform bill passed the Louisiana House by a comfortable, bipartisan margin on Monday. His legislation provides for a readjustment of the final average compensation (FAC) for state employees that would be used to pay down unfunded accrued liabilities.
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.