It’s a wrap on day four of Louisiana’s special legislative session-here’s a look at what happened on Wednesday.
Tax proposals were heard by the House Ways and Means Committee. Governor John Bel Edwards has proposed at least $340 million dollars worth of tax increases to help solve this year’s budget deficit.
Edwards is going after tax increases on all general sales, rental cars, cigarettes, and alcohol.
Here’s an interesting fact-alcohol hasn’t seen a tax increase since 1948.
Meantime, some good news Wednesday as lawmakers voted to draw $128 million dollars from the state’s ‘Rainy Day Fund’ and $200 million dollars from the BP settlement to help eat up some of the current year’s $900 million dollar deficit.
That leaves roughly $600 million more dollars to go.
And finally, one industrious college student has created a Go Fund Me account for the state.
21 people have raised $330 dollars in five days, that breaks down to roughly $66 dollars a day.
By my calculations, it’s going to take more than 13,600,000 days to raise enough money to cover this year’s deficit.