Posted on
May 4, 2023
in House Passes Responsible Budget, More Work to Do
The House today passed a responsible budget and should be applauded for maintaining the state’s expenditure limit and making wise decisions like funding important state priorities and paying down debt.
The Pelican Institute will continue to work with lawmakers to fully fund the state’s Rainy Day Fund, ensuring promised revenue triggers will be met. Doing so will nearly eliminate the state’s punishing franchise tax and lower rates for every taxpayer in the state, yielding economic growth of more than $300 million and creating more than 1,000 new jobs for Louisiana families.
Taking a holistic, responsible approach to tax and budget policies is a critical step to write Louisiana’s comeback story and bring jobs and opportunity to our state.
Related posts
December 11, 2024
Louisiana’s Tax Competitiveness Poised for Improvement
Louisiana ranks 40th in the 2025 State Tax Competitiveness Index, reflecting its historically complex [...]
Read moreNovember 22, 2024
Fiscal Reform Package Moves Louisiana Forward
At the Pelican Institute we’ve spoken often about the need – and urgent opportunity – to write [...]
Read moreNovember 19, 2024
Louisiana Should Eliminate the Burdensome Corporate Franchise Tax
Years of poor public policy have driven families and businesses out of the Pelican State, leaving it with [...]
Read moreNovember 5, 2024
What Is Fiscal Conservatism?
As Louisiana’s special session on fiscal reform begins this week, the focus should be on fiscal [...]
Read more