Today is a big day for Louisiana’s future.
The Louisiana House of Representatives will likely be voting upon the future of film tax credits and tobacco taxes and other legislative instruments to generate revenues for its $1.6B budget hole.
The Louisiana enters its fourth week with another month left to run before a constitutionally-mandated -balanced budget must be fashioned.
With the state suffers with a $1.6B budget deficit, there are ideas proposed by the Jindal administration and by members of both the House and Senate, however, all of them are facing opposition, to date.
It’s the morning after the Republican takeover of the US Senate, and the domination of the GOP on almost all election fronts. Just as the Democrats defeated their opponents to submission in 2012, the Republicans gained seats everywhere.
Did the televised Louisiana US Senate Race, anxiously awaited by thousands, meet the expectations of two of the state's most politically-savvy experts? What were their disappointments, if any?
There has much debate, especially in conservative circles, about a national sales tax or a value added tax as a way to raise significant revenue for the federal government while reducing its reliance on personal and corporate income taxes, if not eliminating them altogether.
So, what happened?