Is the 'fiscal cliff' they keep talking about still a problem? Louisiana really needs to diversify the tax base and have a stable model that won't fold every time the oil and gas market dips.

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Posted by 90proofprofessional

Member since Mar 2004

24445 posts

Posted on 9/27/17 at 10:00 am to RonLaFlamme

quote:
Louisiana really needs to diversify the tax base and have a stable model that won't fold every time the oil and gas market dips.

people need to quit thinking oil & gas will ever support our state government again, it doesn't now and won't in the future. in fact it will support less and less as shale production continues to increasingly dominate. it can't be done here like it can in other places

louisiana production is on a steep, long-term decline and it ain't coming back. gambling, marijuana, or online sales taxes won't bail us out either.

we're going to have to actually finally pay our own way

This post was edited on 9/27/17 at 10:01 am

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Posted by BlackAdam

Member since Jan 2016

6484 posts

Posted on 9/27/17 at 11:28 am to RonLaFlamme

quote:

Is the 'fiscal cliff' they keep talking about still a problem? Louisiana really needs to diversify the tax base and have a stable model that won't fold every time the oil and gas market dips.

The taxes put in place in the 2016 special sessions sunset in 2018. This creates the fiscal cliff. The legislature simply refused to address it even though several very good bills were brought forth. Supposed conservatives like Lance Harris and Chris Broadwater sought to protect special interests instead of looking into solutions to the fiscal cliff.

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