Who Benefits from SB66?

In the wake of the Louisiana Senate's passage of SB66, which gradually re-introduces itemized deductions to Louisiana's state income tax, John Hill has a concise and accurate explanation of who would benefit from this plan:About 350,000 to 400,000 — or about 20 percent of Louisiana tax filers — would be eligible for the tax break that would be phased in over three years, according to the Legislative Fiscal Office. The first year, the tax cuts would total $157 million, growing to $308 million when the restoration is fully implemented. The other 80 percent of Louisiana tax filers would get no tax cuts under the plan.

Which makes bill sponsor Robert Adley's claim about the fairness of his plan seem pretty laughable:

Adley responded that he and other legislators had received a lot of calls complaining about the Stelly Plan's income tax changes. "This is not a bill for all those high-income people. This is a bill for the middle class."

Or at least for 20 percent of them.