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.

Tax Reform Will Bring Opportunity Home

Tax Reform Will Bring Opportunity Home

Louisiana has been plagued with demographic woes for years. In 2021, Louisiana ranked fifth in the nation for population loss. Our state’s population decreased by more than 27,000 people. This was not a one-off issue, but part of a larger negative trend with Louisiana’s resident population decreasing since 2016. One major factor in rapid outmigration...

By John Kay

Tax Reform Continues

Tax Reform Continues

The big theme of the 2021 legislative session was Tax Reform. Voters kicked off the journey to reform by simplifying the tax code and lowering rates with their approval of Constitutional Amendment 2 on last year’s ballot. That was a big win, but only the first step. We cannot stop there. While most of the...

By Daniel J. Erspamer

Mississippi Moves Forward with Tax Reform

Mississippi Moves Forward with Tax Reform

by Brett Kittredge, Empower Mississippi This week, Mississippi Gov. Tate Reeves signed the largest tax cut in state history into law. Over the next four years, Mississippi will create the largest tax exemption in the country, become one of ten states to operate with a simple and fair flat tax, and lower its tax rate...

By Editor

Report Finds Louisiana State Government Most Dependent on Federal Assistance

Report Finds Louisiana State Government Most Dependent on Federal Assistance

A WalletHub study has found that Louisiana ranks among the most federally dependent states in the country. Additionally, the study found that the state has the highest share of federal funding as state revenue. Biz New Orleans reported: The lower level of state residents’ dependency comes from the fact that Louisiana has a small share...

By Daniel J. Erspamer

Study Finds Louisiana Among Worst States for Taxpayer ROI

Study Finds Louisiana Among Worst States for Taxpayer ROI

Tax Day can be a sore subject for many Americans. A recent study has determined which state’s taxpayers are getting the most bang for their buck and Louisiana ranked at the bottom. The study measured the quality of a state’s education, health, safety, infrastructure, and pollution. Louisiana ranks within the bottom five for each of...

By Daniel J. Erspamer

Louisiana’s Sales Tax Laws Are a Nightmare for Small Business Owners

Louisiana’s Sales Tax Laws Are a Nightmare for Small Business Owners

To say that the internet has changed the way Americans shop and do business is an understatement. Products once available only through catalogues or brick and mortar stores can now be purchased with a few mouse clicks and show up at your door within days.  Consumers benefit from the ability to choose from among a...

By Sarah Harbison

Release: Pelican Institute Praises Passage of Amendment 2

Release: Pelican Institute Praises Passage of Amendment 2

Constitutional Amendment 2 passes at the ballot box and marks the turning point to put Louisiana back on the path to prosperity. For Media Requests Contact: Ryan Roberts (ryan@pelicaninstitute.org) NEW ORLEANS– Pelican Institute CEO, Daniel Erspamer released the following statement following the passage of Amendment 2 by the people of Louisiana. Amendment 2 starts the process...

By Ryan Roberts

Here’s Everything You Need to Know About Amendment #1

Here’s Everything You Need to Know About Amendment #1

Louisiana is one of three states that does not have a centralized sales tax collection process. Instead, we make it a logistical nightmare to open up shop in our state by requiring businesses to file taxes with over 50 tax collection agencies.  The first of the constitutional amendments on the ballot this November aims to...

By Ryan Roberts

Teacher Pension Debt Hits a Whopping $11.1 Billion

Teacher Pension Debt Hits a Whopping $11.1 Billion

Louisiana’s retirement debt costs the state $1 of every $4 in annual state aid allocated to public schools, according to a report from the state auditor. The report found that pension commitments due to retired teachers totaled 23.9% of state spending on K-12 education in 2019-2020, or $852.5 million. That works out to a little...

By Daniel J. Erspamer

Louisiana Ranks Among the Worst in the Country for Fiscal Health

Louisiana Ranks Among the Worst in the Country for Fiscal Health

Louisiana has earned a D rating in an annual assessment by a nonpartisan fiscal watchdog group that analyzes budgetary conditions in states across the country. According to Truth In Accounting (TIA), Louisiana ranks in the bottom ten of states in its Financial State of the States — a failing that is attributed primarily to grossly...

By Daniel J. Erspamer

Everything You Need to Know About Constitutional Amendment #2

Everything You Need to Know About Constitutional Amendment #2

When Louisiana voters go to vote on November 13th, there will be four amendments for consideration on the ballot. Constitutional amendment #2, titled “Reduction of the Maximum Individual Income Tax Rate Measure,” will make Louisiana more competitive with our neighbors, attracting more jobs and opportunities for our families. Louisiana’s tax code is one of the...

By John Kay

What are the Constitutional Amendments on the November Ballot?

What are the Constitutional Amendments on the November Ballot?

It’s that time again! Constitutional amendments are on the ballot across Louisiana on October 9th, and we are here to help you start making sense of what they mean. This year, we have four amendments on the ballot, all dealing with taxes and spending in our state. We will have a more thorough breakdown of...

By John Kay