8:30 LRN Newscast June 24

Governor Edwards signs legislation removing the cap on the amount of money candidates in state elections can receive from political action committees. Gonzales Senator Ed Price says his legislation is about transparency because candidates can consolidate the number of PACs they form, making the money easier to track.
Cut 7 (07) “…search.”
The removal of the contribution cap will go into effect on August 1st.

Governor Edwards has signed the bills that make up the Legislature’s tax swap proposal that removes the ability to deduct federal income taxes in exchange for lower overall income tax rates for businesses and individuals. Tax expert Jason DeCuir says voters will have a chance to weigh in on the issue on the October ballot, but only through an amendment involving a part of the reform…
Cut 4 (07) “…percent.”
The Louisiana Budget Project is concerned the proposed tax changes will benefit businesses and higher-income individuals more than middle-class and low-wage earners.

A bipartisan group of Senators that includes Louisiana’s Bill Cassidy, have reached a tentative agreement on a 579 billion dollar infrastructure bill. Cassidy will be among the Senators who will discuss the proposed spending plan with President Joe Biden today. Cassidy says the legislation can help advance construction on new bridges in Baton Rouge and Lake Charles and extending I-49 south.

Before St. Tammany voters have even approved a proposed casino-resort complex in Slidell, investors have increased their investment by $75-million for a total of $325-million. Brooke Thorington has more.
Cut 3 (30) “…I’m Brooke Thorington.”