Bayou Buzz: Governor Jon Bel Edwards transition report not serious for Louisiana budget hole
media mention“Yet plenty of other material in its pages serves to covey the unserious nature of the effort. For example, in its discussion of tax reform, it exhorts any changes to make the system even more regressive than already – even though, according to a metric created by the leftist Institute on Taxation and Economic Policy, the state ranks 19th most “fair” (progressive) and that in reality its regressive elements, such as the nation’s highest homestead exemption (which increases local demands for revenue sharing), the state sales tax exemption on many items for individuals, and the Earned Income Tax Credit (despite which the committee recommended for an increase) cause major drains on revenues.”