Tag: ‘Louisiana’

States of Growth and Reform

By :: May 4th, 2015

Will cuts to a state’s top income tax rate boost growth? Not necessarily. In a new TPC paper, Bill Gale, Aaron Krupkin, and Kim Rueben find little evidence linking state-level economic growth and taxes, especially income tax policy. Neither tax revenues nor top income tax rates have a steady relationship with economic growth or employment […]

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Deals, Deferrals, and Saving

By :: April 28th, 2015

The GOP is putting the finishing touches on the first budget resolution in a decade. The Hill reports that an agreement could be voted on by the end of the week. The Associated Press reports that the final resolution will reportedly drop the House provision to move part of Medicare to a premium-support program by […]

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Bobby Jindal’s Revenue Enhancements

By :: March 23rd, 2015

Politicians looking to “enhance revenue” without raising taxes might want to take a close look at Louisiana, where Governor Bobby Jindal may have found the promised land of conservative tax policy. He’s promoting a plan to raise $526 million without a tax increase. His trick: Turn refundable business credits into non-refundable credits. With a refundable […]

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To Collect Money You Have to Have Money

By :: February 25th, 2015

High-income households can worry even less about being audited this year. Last year, the IRS audited just 7.5 percent of households earning more than $1 million in 2013. That’s the lowest share since 2009. Its overall individual audit rate was 0.86 percent, the lowest  since 2004. The IRS budget has been cut by $1.2 billion […]

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What Ever Happened to State Tax Reform?

By :: April 16th, 2013

Just months ago, to the joy of conservatives and the consternation of liberals, several Republican governors proposed major tax reform plans. At least three–Bobby Jindal of Louisiana, Dave Heineman of Nebraska, and Pat McCrory of North Carolina– vowed to completely repeal their state corporate and individual income taxes. But by Tax Day, two of those […]

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Should Louisiana Dump Its Income Tax for a Bigger Sales Tax?

By :: January 14th, 2013

Last week Louisiana’s Republican Governor Bobby Jindal proposed replacing the state’s individual income and corporate taxes with a higher sales tax. While details are scarce, initial media reports suggest Jindal would both raise the sales tax rate and make more goods and services subject to the levy. Louisiana’s current 8.86 percent average combined state and […]

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