Originally published on Wed February 13, 2013 3:34 pm
Bobby Jindal, once one of the most popular governors in the country, has seen his approval ratings slide over the past two-and-a-half years to just 37 percent, according to a report released today by the Public Policy Polling organization.
President Barack Obama touched on the oil and gas industry in his State of the Union. Some of these initiatives may benefit Louisiana’s economy.
First, the President suggested loosening regulation. “My administration will keep cutting red tape and speeding up new oil and gas permits,” Obama said. “That’s got to be a part of an all-of-the-above plan.”
Originally published on Fri February 8, 2013 11:28 am
Congress likes to say it no longer does earmarks, the provisions that direct federal dollars to serve local interests or campaign supporters. And though that may be true, it's also a fact that targeted provisions are still useful in moving legislation — even critical legislation like the bill that pulled Washington back from the fiscal cliff last month.
State Sen. Dan Claitor wants to add tax rebates to the list of matters that can only be considered in odd-numbered years, when the constitution mandates lawmakers take up fiscal issues. Generally, even-numbered years are reserved for non-fiscal deliberations. The constitutional amendment would require two-thirds approval in the legislature and a vote of the people.
Tax exclusions, exemptions, deductions, credits, and refunds are already limited to fiscal years.
Gov. Bobby Jindal's tax reform proposals may include raising the tobacco excise tax. Health officials have suggested raising the tax by a dollar per pack. A study shows raising the tax by that much would raise $223 million a year – that’s almost enough to have closed this year’s $240 million budget gap.
Jindal has said his tax reforms would be revenue neutral, replacing the income tax with higher sales tax.