A Tax Plan for Our Brighter Future paper-digital In Louisiana’s Comeback: A Tax Reform for Our Brighter Future, the Pelican Institute identifies the state’s significant tax problems and proposes a path to set the state in a brighter direction, including flattening the personal and corporate income taxes to 3.5% rates, reducing the number of tax preferences, eliminating...View Report
Policy differences within Louisiana's Republican Party complicated efforts to pay down the unfunded accrued liabilities (UALs) within the state's retirement funds. Rep. Kevin Pearson's (R-Slidell) was defeated in the Senate Retirement Committee on Sunday.
Rep. Brett Geymann's anti-spending resolution remains in effect after a counter-measure from Rep. Erich Ponti (R-Baton Rouge) was withdrawn Tuesday. This means "one-time" money cannot be used to balance the budget without a 2/3 vote of approval from House lawmakers
A Jindal-backed House resolution to reinstate one-time money to cover current budgetary expenses is up for debate today in the House.
Louisiana's House of Representatives voted to pass Rep. Brett Geymann's Resolution 27 on Monday, which is designed to block allocation of "one-time" non-recurring money as a way to plug budget gaps. Geymann says his legislation will help force meaningful spending cuts. Gov. Bobby Jindal disagrees.