A stronger EITC helps families
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Budget & Taxes
The 2015 Legislature: A Tough Balancing Act
The Louisiana Legislature starts its 2015 session this week amid a historic budget crisis that was years in the making. Louisiana’s constitution requires a balanced budget, yet the projected gap next year between tax revenues and expenses stands at $1.6 billion. Unless this deficit is plugged in a thoughtful manner that includes new revenues, the result could be deep cuts to critical state investments in education, health care, infrastructure and public safety.
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Low cigarette taxes cost everyone
A large part of the costs of smoking in Louisiana are paid by people who don’t smoke.
Low cigarette taxes cost everyone Read More »
Taxing the Poor
The “Who Pays?” report shows once again that the poorer you are in Louisiana, the higher your tax rate. This is not only unfair, it also acts as a drag on the overall economy. Luckily, there are steps that policymakers can take to change this imbalance.
LBP reviews the 2014 Legislature
The Louisiana Legislature wrapped up its 2014 regular session without tackling many of the state’s critical challenges, according to a new report by the Louisiana Budget Project. While legislators largely avoided the destructive cuts that have become the norm in recent years, they failed to address the state’s structural budget problems or take advantage of opportunities to help low-income families.
LBP reviews the 2014 Legislature Read More »