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re: Louisiana finally has a budget surplus thanks to JBE
Posted on 9/27/17 at 11:28 am to RonLaFlamme
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.
1
Posted on 9/27/17 at 4:57 pm to BlackAdam
quote:
The taxes put in place in the 2016 special sessions sunset in 2018. This creates the fiscal cliff
If we had cut out all these exemptions and tax credits when WR passed the 1.2 Billion dollar tax increase maybe by the time the tax increases expired we could be seeing the benefits of cutting the exemptions and tax credits. Right?
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