Home News Anatomy of a tax deal breakdown

Anatomy of a tax deal breakdown

174

Tax brackets come under fire

Tryfon Boukouvidis
and Drew White
LSU Manship School News Service

BATON ROUGE–A proposal supported by the Legislative Black Caucus to adjust individual income tax brackets to raise $443 million in revenue is at the center of the latest dispute that has stalled talks on how to deal with a projected $1 billion budget shortfall.

The proposal, opposed by most Republicans, would increase income tax rates for single filers making more than $12,500 and joint filers earning more than $25,000. It also would slash the level of federal itemized deductions that could be written off on state returns to

OR
OR

NO COMMENTS