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.