Articles written by: Trent Hill

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Louisiana Represented in Fortune’s List

Louisiana has six companies in Fortune Magazine’s annual list of the largest corporations in America. Unfortunately, with over 1000 companies listed, six a fairly paltry number–though it is more than in years past. Entergy Corp., the New Orleans utility, weighed in at no. 205 with revenue of $13 billion. Shaw […]

Budget

Smoker’s Tax Burns Hole in Louisiana Wallets

As most everyone knows by now, the federal smoker’s tax went up last week. The tax charged to cigarette manufacturers went up from 39 cents per pack to $1.01. Large cigars are now taxed 40 cents each, up from 5 cents. Pipe-tobacco taxes rose from $1.10 to $2.83. The tax […]

Budget

Taxing Fun

Louisiana Representative Robert E. Billiot, a Democrat from District 83 in Jefferson Parish, recently withdrew his bill which was designed to imposed a 1-percent sales tax on televisions and video game equipment. That money would have gone toward building playgrounds and fighting childhood obesity. Here is another example of a […]

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Income Growth in Louisiana

Preliminary estimates released by the U.S. Bureau of Economic Analysis revealed that personal income growth slowed in 2008. In Louisiana, personal income growth slowed to 4.2 percent in 2008, a virtual crawl compared to 10.2 percent in 2007. Of course the decline is not limited to Louisiana, as personal income […]

Budget

State Treasurer John Kennedy on Louisiana’s Budget

In a recent speech to the Houma Rotary Club, Louisiana State Treasurer John Kennedy has called for the state government to cut the fat out of the budget. In Kennedy’s opinion, the state government has more than enough money to cover the basic government services that are absolutely needed. “We […]