Louisiana
American Press: Lawmakers examine income tax
February 22, 2016
“Three identical measures would allow voters to decide whether they want to eliminate the federal income tax deduction that is allowed on state income tax forms. The deduction is in the constitution. The change would raise $748 million annually, and the vote to decide the issue would take place Nov. 8. Only three states — […]
Louisiana Budget Project: A stronger EITC can mitigate sales tax increase
February 3, 2016
The Institute on Taxation and Economic Policy (ITEP) calculates that the poorest 40 percent of Louisiana households paid 10 percent of their family income in state and local taxes last year. The richest 1 percent of households paid only 4.2 percent of their total income in state and local taxes. The main reason for […]
Bayou Buzz: Governor Jon Bel Edwards transition report not serious for Louisiana budget hole
January 19, 2016
“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, […]
Slate: Don’t Fall for Back-to-School Tax Holidays
August 14, 2015
If shoppers are simply shifting their spending to save on taxes, that means the states are losing revenue. That’s certainly the position of the Institute on Taxation and Economic Policy, a nonpartisan think tank that estimates the popular break will cost the states offering it $300 million this year. “Revenues lost through sales tax holidays […]
CNBC: Tax-Free Shopping Ahead for These States
July 24, 2015
Research by the nonpartisan Institute on Taxation and Economic Policy, however, contends that increased sales during the tax holidays “have been shown to be primarily the result of consumers’ shifting the timing of their planned purchases.” That organization estimates sales tax holidays will cost states $300 million in 2015. “A two- to three-day sales tax […]
The Times-Picayune: Why Aren’t the Governor’s Candidates Discussing Poverty?: Robert Mann
July 20, 2015
Speaking of inequality, it’s not bad enough just to be poor in Louisiana. You can also count on state and local governments taxing you twice as much as the wealthy. A 2013 study of states by the Institute on Taxation and Economic Policy found that Louisiana families earning less than $16,000 a year paid an […]
Vox: Bobby Jindal and Sam Brownback’s Ridiculous Tax Gimmicks, Explained
June 22, 2015
Brownback has been defiant. “Some would have you believe this bill represents a tax increase, and that is not accurate,” the governor said last week. “When looked at in totality, from 2012 to 2015, as I said at the outset, Kansans are paying less in taxes and continuing to move off income taxes to consumption-based […]
The Bond Buyer: LSU Bond Deal Was Victim of State’s Woes
May 1, 2015
“The collapse of LSU’s bond offering mirrors a trend we’re seeing across the nation: state leaders are avoiding making tough budget decisions by pushing these decisions down to the local level,” Matt Gardner, Executive Director Institute on Taxation and Economic Policy told The Bond Buyer. “When state lawmakers seek to balance their budgets by cutting […]
KNOE (CBS Louisiana Affiliate): Study Says Those Who Earn the Least Pay the Most
January 26, 2015
They say nothing in this life is as certain as death and taxes, and for some taxes mean death to a living wage. A recent study by The Institute of Taxation and Economic Policy says the lowest 40-percent of workers pay 10-percent of their income toward taxes, and the top 20-percent pay between 6.9 and […]
Louisiana Budget Project: Taxing the Poor
January 16, 2015
In less than three months, Louisiana legislators will convene for their annual session. It’s an odd-numbered year, which means it’s a two-month “fiscal” session that’s supposed to be focused on tax policy. But if predictions around the Capitol are to be believed, there is little reason to expect fundamental change to a tax structure that […]
The New Orleans Advocate: La.’s poor pay higher share in taxes, study shows
January 16, 2015
“Louisiana families with incomes below $32,000 per year — about 40 percent of the households — pay an average 10 percent rate in state and local taxes, according to the Institute on Taxation and Economic Policy, a Washington, D.C.-based group that researches the impact of tax policies. The state’s top 1 percent — families with […]
The Motley Fool: The 5 States with the Highest Sales Tax
August 20, 2014
By Jeremy Bowman: Nearly every state in the union charges a sales tax, and the tax levied on goods and services sold at the retail level is just one of many tools states use to collect revenue, along with licensing and taxes on income, corporations, and property. Sales taxes tend to attract less attention than […]
Daily World: Sales Tax Holiday Offers Chance to Save
August 1, 2014
By Mike Hasten “The Institute on Taxation and Economic Policy has called Louisiana’s tax holiday “more hype than help.””
Louisiana Budget Project: Increasing EITC improves tax fairness, reduces poverty, invests in children
May 22, 2014
Efforts to modestly raise the minimum wage in Louisiana failed this legislative session — even though the wage isn’t high enough to keep a full-time worker with a child out of poverty. But some opponents of giving the lowest-paid workers a raise have suggested another pro-work, anti-poverty policy as an alternative: increasing the value of […]
Shreveport Times: Taxes – Where is Louisiana?
November 18, 2013
Nov. 15, 2013 Written by Tommy Williams Special to The Times Right now, inflation is not meeting expectations — and that may be a good thing. Critics of the prevailing monetary policy and low interest rates have predicted inflation will rise. Martin Feldstein, president of the National Bureau for Economic Research, explained in 2012 that […]
The Advocate: Sales tax holiday begins Friday
July 31, 2013
[email protected] July 31, 2013 State sales tax will take a holiday this weekend, giving consumers a chance to save on the purchases of clothes, appliances, electronics and other goods. Lifting the 4 percent state sales tax is a tradition that dates to the aftermath of 2005’s Hurricane Katrina, when legislators wanted to help storm […]
The Fiscal Times: Bobby Jindal’s Failure Ruins Chances of Tax Reform
April 12, 2013
(Original Post) By BRUCE BARTLETT, The Fiscal TimesApril 12, 2013 Louisiana Gov. Bobby Jindal has been a rising star in the Republican Party for some years. But this year he made a serious misstep on reforming the state’s tax system that has national implications, reducing the chances of tax reform in Washington. To begin with, […]
The Times-Picayune: Behind Jindal’s tax plan, an old debate that still rages
April 8, 2013
(Original Post) By Andrew Vanacore, NOLA.com | The Times-Picayune In pushing for an end to income taxes in Louisiana, Gov. Bobby Jindal is calling upon an economic theory about taxes and economic growth that is almost four decades old. So you might assume the case for or against “supply-side” or “trickle-down” economics would be about […]
MSNBC: Jindal’s radical tax plan not yet dead
April 4, 2013
(Original Post) By Steve Benen – Wed Apr 3, 2013 11:45 AM EDT It’s been about three months since Louisiana Gov. Bobby Jindal (R) unveiled his plan to eliminate all income taxes and corporate taxes in the state, replacing the lost revenue through a combination of spending cuts, higher sales taxes, and new business taxes. […]
The Times Picayune: Gov. Bobby Jindal’s tax plan not ‘dead on arrival,’ House Ways and Means chairman says
April 2, 2013
(Original Post) By Jeff Adelson, NOLA.com | The Times-Picayune on April 01, 2013 at 9:17 PM, updated April 01, 2013 at 11:05 PM Gov. Bobby Jindal’s controversial tax swap plan shouldn’t be considered “dead on arrival,” the chairman of the House Ways and Means Committee said Monday. Though the plan has been criticized by a […]
Governor Jindal’s Tax Plan Would Increase Taxes on Poorest 60 Percent of Louisianans
April 1, 2013 • By Meg Wiehe
In recent weeks, Louisiana Governor Bobby Jindal has released many details of the tax plan he first sketched out in January. The Governor proposes a revenue-neutral "tax swap" that would repeal all state income taxes and increase the state's sales tax among other changes. A new ITEP analysis of the Governor's plan shows that, if fully implemented in 2013, the plan would increase taxes on the poorest sixty percent of Louisianans overall, while providing large tax cuts for the best-off Louisiana taxpayers.
The Lens: If everyone wins, as Jindal claims, his tax plan math is bogus
March 22, 2013
(Original Post) By Tyler Bridges, Staff writer Gov. Bobby Jindal says everyone wins under his plan to eliminate personal income and corporate taxes in Louisiana and jack up the state’s annual take from sales taxes. He also insists the tax revamp will be “revenue-neutral,” meaning the state’s annual tax haul will neither rise nor fall. […]
The Washington Post: Paul Ryan wants to cut income taxes. Bobby Jindal wants to kill them dead.
March 20, 2013
(Original Post) Posted by Dylan Matthews on March 20, 2013 at 11:45 am Most conservative policymakers at the federal level just want to sharply reduce the income tax, not eliminate it entirely. But more and more Republican-controlled states are deciding to go big or go home. So far, Govs. Bobby Jindal (R-LA), Dave Heineman (R-NE), […]
The Daily Advertiser: Lawmakers ponder tax reform
March 19, 2013
Mar. 19, 2013 1:07 AM Written by Bill Decker If Gov. Bobby Jindal’s tax reform plan hurts working people, state Rep. Joel Robideaux doesn’t see how. “I have yet to find a situation where a working individual in a working family will pay more taxes under this scenario,” Robideaux said Monday, speaking at the first […]
Louisiana Budget Project: Eliminating Louisiana’s Income Taxes Will Hurt the State’s Economy
March 19, 2013
Gov. Bobby Jindal’s plan to abolish Louisiana’s income taxes is based on a flawed economic analysis and is likely to hurt the state’s economy rather than boost it, according to a new report by the Louisiana Budget Project. Read the Full Report
