Tax & Budget

With the state economy struggling, and tens of thousands of Louisianans moving out of state, businesses and families need tax and budget reform—to give them an incentive to come to, and remain in, Louisiana.

A successful series of across-the-board tax reforms, touching all layers of the tax code—corporate and individual, and sales and income taxes—will promote growth and expand opportunity. Our state deserves a 21st century tax code that encourages growth and taxes individuals and businesses transparently and fairly. Tax reform can spark an economic revolution in Louisiana—if only lawmakers take the initiative to act, and act boldly.

Along with our tax code, our budget process in Louisiana also needs to be reformed. Over the past several years, Louisiana has lurched from budget crisis to budget crisis, with lawmakers gathering for costly special sessions to patch together yet another stopgap solution. But after years of short-term thinking, policy-makers must now embrace a more comprehensive, holistic approach, to prevent the conditions that created the crises in the first place. Coupled with constitutional reforms that will give lawmakers more flexibility to manage the entire state budget, rather than just small portions of it, improvements to the budget process will modernize the state’s practices—bringing long-needed fiscal stability.

(BIG) Solutions (mini) Summit(s) Tax Reform Recap

(BIG) Solutions (mini) Summit(s) Tax Reform Recap

Louisiana’s tax code is a serious hindrance to job growth in our state. During the Pelican Institute’s recent “(BIG) Solutions (mini) Summit(s),” our expert keynote speakers and panelists offered  several proven solutions to simplify Louisiana’s burdensome tax code. If you missed the Summit(s), take a look at the videos below to learn how we can...

By Daniel J. Erspamer

Tax reform will grow Louisiana jobs and kickstart the economy

Tax reform will grow Louisiana jobs and kickstart the economy

As Louisiana’s economy continues struggling, neighboring states are creating jobs and boosting their economies. One of the primary contributors to the state’s inability to retain residents and remain competitive with our neighbors is Louisiana’s fundamentally broken tax system. Fortunately, tax reform is on the table for the upcoming legislative session, and if passed, it would...

By John Kay

N.C. tax reform: A model for Louisiana

N.C. tax reform: A model for Louisiana

by Brian Balfour, senior vice president of research, John Locke Foundation If Louisiana wants to look for inspiration for tax reform, they could do no better than North Carolina. Aggressive, yet sensible, tax cuts paired with fiscal restraint is what made North Carolina “The national model for conservative tax reform,” according to Patrick Gleason, vice...

By Editor

Reading Between the Lines on Latest Jobs Report

Reading Between the Lines on Latest Jobs Report

by Eric Peterson, director of the Pelican Center for Technology and Innovation Policy At first glance, the December State Employment and Unemployment report from the Bureau of Labor Statistics appeared positive for Louisiana. However, a closer look at the numbers reveals there is still a long way to go in the state’s economic recovery. The...

By Eric Peterson

Last Jobs Report of the Year A Mixed Bag

Last Jobs Report of the Year A Mixed Bag

by Eric Peterson, Director of Policy During the holiday season, Louisianans have more on their mind than the latest state economic reports. Yet as we enter the New Year, it’s important to understand where our state’s economy stands. Two reports, one from the Bureau of Labor Statistics (BLS) and the other from the Bureau of...

By Eric Peterson

Despite hiccups, Louisiana economy slowly moving forward

Despite hiccups, Louisiana economy slowly moving forward

by Eric Peterson, Director of Policy As 2020 winds down, I can’t help but reflect on the difficulties we’ve all experienced, both on the health and economic fronts, throughout this year. Fortunately, as a vaccine appears within reach, so too is a return to a strong economy. The latest jobs release from the Bureau of...

By Eric Peterson

Constitutional Amendment 4 Earns Widespread Endorsements

Constitutional Amendment 4 Earns Widespread Endorsements

Constitutional Amendment 4 is putting budget stability and predictability on the ballot this fall in Louisiana, and groups across the state are voicing their support for the good government measure. If passed on Nov. 3, Constitutional Amendment 4 will significantly improve Louisiana’s status quo approach to budgeting, which has led our state lurching from one fiscal cliff to...

By Daniel J. Erspamer

Latest Jobs Report Has Bad News for Louisiana

Latest Jobs Report Has Bad News for Louisiana

This hasn’t been a year of positive news. Over the last few months, however, there have been some bright spots for Louisiana and the nation’s economies, as they have been steadily moving in the right direction. But, the latest jobs report from the Bureau of Labor Statistics has some sobering news for those who expected...

By Daniel J. Erspamer

Amendment 4 will Get Louisiana Working

Amendment 4 will Get Louisiana Working

When facing difficult financial circumstances, Louisiana families take the steps they need to rein in their spending and plan responsibly for future expenses. This is not the case when it comes to how our state currently approaches budgeting. Fortunately, Louisianans Constitutional Amendment 4, is on the Nov. 3 ballot, is offering an opportunity for Louisianans...

By Daniel J. Erspamer

Could Expanding Unemployment Insurance Hurt Louisiana’s Recovery?

Could Expanding Unemployment Insurance Hurt Louisiana’s Recovery?

Last week saw the release of some of best economic news for the state of Louisiana in a long time. According to the Department of Labor’s data for the week ending August 8, the number of Louisianans on unemployment insurance decreased by more than 53,000. This comes on the heels of a 27,000-person decrease during...

July Sees Major Spike in Louisiana Unemployment Claims

July Sees Major Spike in Louisiana Unemployment Claims

Following the revelation that Louisiana suffered one of the worst Q1 economic declines in the nation, today’s weekly unemployment claims announcement contains even more bad news for Louisianans. Despite remaining steady over the past six weeks, the Department of Labor reports the week of July 4 saw a 45 percent increase in the number of...

While National Economy is Improving, Much of Louisiana is Still Lagging

While National Economy is Improving, Much of Louisiana is Still Lagging

Just in time for the Independence Day Holiday, the Bureau of Labor Statistics (BLS) released some good news for the American people. The national unemployment rate fell 2.2 percent, leading to a total of 11.1 percent in June. Most notably, an astounding 4.8 million Americans who were temporarily laid off are now back in the workforce....