re: Mexican standoff in the La. legislature.

quote:

---

because of the reduction in fed tax deductions?

---

Yep...$300 million is extra state income tax collections thanks to the federal tax cuts

quote:

---

that plus 1/3 doesn't come close

---

With increased state income tax collections plus 1/3 cent sales tax, that covers around 2/3 of the billion dollars that the 1 cent tax was supposed to raise. Now add in the fact that oil prices are up from around $45/barrel this time last year to $65-70/barrel and the extra money the state is making off higher oil prices.