The Pelican Institute joined with our partners at The Buckeye Institute’s Economic Research Center to provide policymakers with a timely analysis of the disastrous effects the CAT would have on Louisiana. Today, the right decision was made for the state’s future and for its citizens, and we are gratified that our warnings of the disastrous impact the CAT would have had were heeded. The proposed commercial activity tax would have led to significant job loss for Louisiana, higher prices for consumers, and would have hurt average citizens the most,” said Abhay Patel, acting Executive Director for the Pelican Institute.
Louisiana’s fiscal health ranks 33rd best among the states and Puerto Rico, according to a 2016 report by the Mercatus Center at George Mason University.
All findings of the 2016 Index considered, the regimen for Louisiana is clear. Louisiana needs to adopt more fiscally responsible policies, including a tax policy overhaul if it wants to improve its Economic Outlook and become more hospitable to individuals and businesses.