As the most likely alternative to federal income taxes, the Fair Tax merits understanding, and Laura O’Halloran of FairTax.org met with The Pelican Post for an exclusive interview.
Jeffrey Sadow has unearthed data, from Louisiana Economic Development’s own commissioned report, that reveals misleading and self-serving messages about the efficacy of tax credits.
Today, Ayn Rand’s 1957 novel ‘Atlas Shrugged’ makes it’s big screen debut across the country, including showings in New Orleans.
The monks of St. Joseph Abbey have just won a victory in their case against economic protectionism from the state. They have been unable to produce simple caskets, facing fines, but the Institute for Justice has taken their defense in what is set to be a landmark case.
The National Debt Relief Amendment, which would mandate state approval before increases in the federal debt limit, has now passed in North Dakota. At least seven other states have equivalent resolutions either pending or with pledged sponsors, for what would be the first ever state initiated amendment to the U.S. Constitution.
Francis Fukuyama, a world renowned political economist, presented the 15th annual Yates lecture at Tulane University. His latest book was available for the first time, and he presented on its theme – the dimensions of political development.
The Tax Foundation states that the 2011 Tax Freedom Day will fall on April 12th. However, if the federal government were to collect enough taxes to finance all of its spending – $1.48 trillion more in tax revenue – that would extend Tax Freedom day to May 23rd, the latest deficit-inclusive Tax Freedom Day since World War II.
An international comparative study that measures the protection of physical and intellectual property rights ranked the U.S. 18th overall, down from 16th in 2010 and 14th in 2007. The U.S. physical property rights rank fell to 25th, behind countries such as Bahrain, Saudi Arabia, and Tunisia.
2011 is set to be the first year that federal aid becomes the largest component of state revenues. Already 27 states, including Louisiana, rely on federal aid as their primary source of funding, but the report’s author describes this year’s level as a critical breaking point.
Louisiana is one of 10 states with leaders seeking to oppose greater federal debt with the first ever state initiated constitutional amendment.