Tax brackets come under fire
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