Louisiana

: TaxVox

It depends on what your definition of “pledge” is…

WWND: Louisiana lawmakers ask Grover Norquist to weigh in on Governor Bobby Jindal’s tax plan. Eleven members of the state’s House sent a letter to the head of Americans for Tax Reform. They call the SAVE tax credit —Jindal’s proposed tax credit for a non-existent student fee—a precedent that would

June 9, 2015Renu Zaretsky

: TaxVox

Rewarding Work, Paying by the Mile, a Windfall, and… Tax Magic  

Redesign the EITC to help more low-income workers. TPC’s Elaine Maag thinks that’s the way to go. She explains in her new paper : “A worker credit based on individual earnings, and not contingent on having children at home, could provide substantial benefits to all low-income workers, ease

May 21, 2015Renu Zaretsky

: TaxVox

Budget Woes, Taxing Times

Don’t believe the hype: Budget work in Congress has only just begun. TPC’s Howard Gleckman explains that the budget resolution passed by the congressional GOP is just a fiscal outline . The real fun—or in the case of Congress, conflict—begins when they start hashing out spending details. In

May 8, 2015Renu Zaretsky

: Daily Deduction

States of Growth and Reform

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

May 4, 2015Renu Zaretsky

: TaxVox

Deals, Deferrals, and Saving

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-

April 28, 2015Renu Zaretsky

State and Local Issues: TaxVox

Bobby Jindal’s Revenue Enhancements

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

March 23, 2015Norton Francis

: TaxVox

To Collect Money You Have to Have Money

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

February 25, 2015Renu Zaretsky

State and Local Issues: TaxVox

What Ever Happened to State Tax Reform?

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...

April 16, 2013Howard Gleckman

Individual Taxes: TaxVox

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

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,...

January 14, 2013Benjamin H. Harris