Louisiana Radio Network, I’m Matt Doyle.
The Senate Democratic Caucus offers a solution on solving the one-billion dollar shortfall due to hit in July. Chairman and New Orleans Democrat Troy Carter proposes compressing income tax brackets, removing sales tax exemptions that benefit some businesses and expand the sales tax base, so certain services are taxed. He says the changing of income tax brackets would not mean a huge increase in taxes for higher income wage earners.
Cut 7 (10) “richest of the rich”
But Director for the Louisiana Chapter of Americans for Prosperity, John Kay, says the Senate Democratic Caucus proposal would raise income taxes on the middle class. Kay doesn’t see how this tax plan will get the 70 votes needed in the House, especially when many legislators are looking at ways to reduce spending.
LRN
Just a few ago, some in Louisiana were putting up with ice and snow on the ground. But recent above normal temperatures are making it feel more like Spring. State Climatologist Barry Keim says areas of South Louisiana will continue to see the warm temperatures for some time…
A pesky front is expected to move into North Louisiana starting tomorrow evening, which Keim says will being the temperatures closer to normal in that area for the remainder of the week…
Governor John Bel Edwards will lay out his plans on tackling the fiscal cliff when he speaks to a joint session of the legislature at 5: 00 today. Edwards called a special session to address a one-billion dollar budget deficit as a temporary one-cent sales tax expires on June 30th. Political pollster Bernie Pinsonat says Edwards might renew portion of that penny, but he’ll have to agree on spending reforms
Louisiana Radio Network