Aren’t we all wondering what President Trump’s big tax reform announcement will be tomorrow? Loyola Los Angeles Tax LL.M. student Anosh Ali ventured a tongue-in-cheek guess in a short memo he wrote in Katie Pratt’s Tax Policy class. We’ll see tomorrow how good a prognosticator Anosh is.
Until then, at least we know that his Presidential ‘voice’ is spot on
TO: President Trump
FROM: Anosh Ali, White House Communications Specialist
RE: Your tax reform press conference on Wednesday
DATE: April 25, 2017
You have asked me to prepare talking points for your tax reform press conference tomorrow. This memo includes general talking points and responses to hostile questions you are likely to get from the liberal media. Continue reading “Trump’s Back-to Basics Tax Plan: It’s Tremendous!”
Professor of Economics & Director of the Murphy Institute, Tulane University
It was not quite Cajun boudin being prepared in Baton Rouge this winter and spring, but the sausage being concocted in the Louisiana Legislature was equally spicy. With low oil prices and years of “creative” budgets under Governor Bobby Jindal, the new Governor, John Bel Edwards, and the Legislature faced an initial budget shortfall of roughly 16 percent of the state general fund for the next fiscal year. Three separate legislative sessions later, they did reach a balanced budget, although with less revenue than the Governor had wanted. The revenue raisers included a dizzying array of sales tax changes that only temporarily limited exemptions, temporary limits on the refundability of business credits, and various other “haircuts” for business. Not exactly the purest of tax reforms.
But buried in this avalanche of legislation were some serious reforms of the Louisiana corporate tax along the lines that my colleagues and I had recommended to the Legislature last year.
Continue reading “State Tax Reform Amidst Cajun Sausage Making”