New Buckeye Institute Report Finds Louisiana’s Proposal to Raise Taxes Will Hinder Economic Growth
A new report, Addressing Louisiana’s Budget Shortfall: Strategies for Growth, by The Buckeye Institute’s Economic Research Center, found that Louisiana’s proposal to raise taxes to finance more government spending will hinder economic activity and growth. The research, conducted in conjunction with the Pelican Institute, determined that eliminating the corporate income tax and replacing it with a revenue neutral sales tax increase creates jobs, grows the economy and increases tax revenue.