Friday, November 27, 2009

Ashworth in Times-Picayune: More Revenue Needed

On one level, it doesn't take a visionary to see that the Louisiana tax system should be fairer and more sustainable. But it's still swimming against the tide, in the current political climate, to state these views. So, kudos to LANO's Edward Ashworth, who has an excellent column in today's Times-Picayune making the case for progressive revenue-raising reform. An excerpt:
It's a cliche that problems are opportunities, but Louisiana's financial situation presents a historic chance to realign the state's revenue-raising system so everyone -- individuals and corporations alike -- pays their fair share and the state has the money it needs.
Ashworth correctly identifies the state's high reliance on sales taxes, and its low reliance on income taxes, as driving factors in making the state's tax system more unfair than most other states' revenue-raising structures.

As long as you don't read the reader comments, you will leave this op-ed a smarter person than before you read it.

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