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.
What if the states could advance and ratify a powerful federal balanced budget amendment in just twelve months? It could happen with a new approach to state-originated amendments under Article V of the United States Constitution.
Smart on Sentencing, Smart on Crime: An Argument for Reforming Louisiana’s Determinate Sentencing Laws
A new study details how Louisiana can reduce its prison population and corrections spending without lessening public safety by eliminating mandatory minimum sentences for nonviolent offenders and reforming its habitual offender law.
Louisiana can find a better way to fight crime, prioritize victims and protect taxpayers.