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John Bel Edwards' Fiscal Policies get an F
Posted on 10/11/18 at 12:24 pm
Posted on 10/11/18 at 12:24 pm
The Cato Institute graded all 50 US governors on their fiscal policies. Here's what they said about Bel Edwards:
LINK
quote:
John Bel Edwards is a graduate of the U.S. Military Academy at West Point, and he served
eight years with the U.S. Army as an airborne ranger. Edwards went on to serve in the state legislature
before being elected governor in 2015.
Edwards has spent much of his two and a half years in office pushing for higher taxes. Facing
a budget shortfall in 2016, Edwards embraced a slew of tax increases. He signed into law higher
taxes on alcohol, cigarettes, health care providers, vehicle rentals, business inventories, and other
items, in addition to increasing corporate franchise taxes and broadening the sales tax base.108
The 2016 deal also included a “temporary” increase in the sales tax rate from 4 percent to
5 percent. However, when that hike was set to expire in 2018, Edwards and the legislature decided
to retain about half of the increase for another seven years, so the state’s sales tax rate
currently sits at 4.45 percent.109 Louisiana’s government will also receive a revenue infusion of
more than $200 million a year because the state’s tax code automatically conformed to the 2017
federal law.110
In 2017, Edwards proposed a gross receipts tax which would have raised more than $400 million
per year, but the state legislature quickly shot down the bill.111
LINK
Posted on 10/11/18 at 12:26 pm to GoldenBoy
Figures. But it's good to see that the highest rated democratic governor has a C rating, with 17 Republican governors ahead of the first democratic one.
This post was edited on 10/11/18 at 12:28 pm
Posted on 10/11/18 at 12:28 pm to GoldenBoy
JBE Republicans, take a nice, big bite out of your shtt sandwich.
Posted on 10/11/18 at 12:54 pm to GoldenBoy
Curious to know what they are looking for. We have obligations and need revenue to meet them. Do they think everything is free?
Bet they loved Jindal, who drove the state to insolvency.
Bet they loved Jindal, who drove the state to insolvency.
This post was edited on 10/11/18 at 12:56 pm
Posted on 10/11/18 at 1:15 pm to GoldenBoy
I guess he got an F because they couldn't give him a G.
Posted on 10/11/18 at 1:17 pm to GoldenBoy
Every dumbfrick Republican who voted for JBE because they think the governor is also their preacher should be lined up and thrown into the Mississippi.
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