The Good, Bad, and Ugly -- 2016 prefiled 1st Extraordinary Session bills
The First Extraordinary Session of
the 2016 Louisiana Legislature launches later today, without actually many
bills prefiled. With a call almost exclusively focused on tax increases and a
session set to last nearly a month, Republicans have signaled marginal interest
with those and have plenty of time to come up with alternative such as legislation
unlocking dedications and an appropriations bill cutting spending. Here’s what’s
available so far:
THE
GOOD:
HB 4 by
Rep. Tony Bacala
would repeal the inefficient and wasteful Earned Income Tax Credit.
THE
BAD:
HB 3 by
Rep. Frank
Hoffman raises the cigarette tax but fails to dedicate it to offset
Medicaid expenses related to smoking (similar bill: HB 14). HB 5 by
Rep. Walt Leger
would increase the inefficient and wasteful Earned Income Tax Credit; HB 8 by
Rep. Chris
Broadwater would eliminate deductibility of federal income taxes starting
next year without marginal rate reductions.
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