Remarkably, the report ranks Louisiana 30 spots lower than it did last year. This represents the largest decline of any state in the nation.
Several states have already passed Article V resolutions for the purpose of reigning in the federal government, and the Pelican State may be headed in that direction.
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.
In Louisiana, Reentry Courts make use of the innovative reentry program at the Louisiana State Penitentiary at Angola – known as the Offender Rehabilitation and Workforce Development Program.
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.
Raising the minimum wage risks putting individuals, businesses and the entire state economy in a worse position to advance a goal – helping low income households – that may not even be accomplished.
It is important that we maintain a firm commitment to small businesses and to the economic principles that instill confidence in the entrepreneurs who run them.
The short session, which opened last week and must conclude by June 11th, will be dominated by debate over taxes and spending cuts as legislators look for creative ways to balance the budget.