Last week, a prominent national reporter spoke with me about a paper I’m working on for one of my law school classes. I’d asked for his help because I knew he was an expert in the subject, and thankfully, he took the time to answer my questions. At the tail end of our conversation, he asked me about the story I’d helped to break about Bill Cassidy’s work with LSU. He was curious, he said, because he’d actually seen the same documents that I posted a few weeks before I had. He thought it was an important story, but he couldn’t find anyone interested in publishing it, which, he said, was frustrating.
Thrust into the spotlight by becoming the crucial fulcrum on which Louisiana’s fiscal year 2016 budget balances, the state’s inventory/ad valorem tax credit reflects the inefficient, strange outlier tax behind it where the abolition of which would promote fairness and better potential for economic development.
If you’re a college student trying to etch out a career without going bankrupt first due to skyrocketing tuition, don’t worry; If you’re a business person depending upon the tax credit for inventory to get you through the year, no problem; If you’re a member of the working slugs, trying to get medical treatment for your family, don’t sweat it; But, if you are a Louisiana legislator, trying to keep your Capitol part-time job, you’ve got a problem.
Today, the Jindal Administration released its Executive Budget in front of an overflow audience at the State Capitol today. The issue--how to plug a gaping $1.6B budget deficit for the upcoming fiscal year.
Below is a budget overview from the administration issued today moments after the proceedings began.
At the time that the very succesful tax credit programs are going under severe scrutinydue to the costs to the state government, today, Governor Jindal's Louisiana Economic Development Secretary Stephen Moret and State Inspector General Stephen Street issued the following joint statement concerning efforts to combat fraud and abuse in the film tax credit program:
In a recent interview, State Department spokeswoman Marie Harf said that to fight terrorism, “we need to go after the root causes that lead people to join these groups, whether it’s a lack of opportunity for jobs….”
The Jindal Administration announced on Friday, February 27 that the Governor seeks to repeal some $777,346,103 in state tax credits netting the La Treasury $589,794,455.
“They’re still negotiating with the terrorists.”
That gem, said in a private email to LouisianaVoice, came from a blogger who is relative new on the scene but who is very perceptive about what the Bobby administration is trying to do to higher education.https://lahigheredconfessions.wordpress.com/2015/02/27/open-letter-to-higher-education-leaders-the-time-for-negotiating-is-over/
by Jim Brown
I guess the good Lord has to put up with politicians. Nary a week goes by when some governor or other political type is holding a prayer rally and declaring that the ills of the nation can be cured by America being “born again” through embracing a Christian evangelical fervor. So the question is, do the Gospels need politicians?
David Vitter is calling on the big guns in his run for the Louisiana governor’s mansion. Today, he unveiled the support of former US President George H. W. Bush.