Here is the official release from the governor's office:
Legislation that makes up the bulk of Gov. John Bel Edwards’ tax reform package was filed in the Louisiana House of Representatives. The Commercial Activity Tax ensures that all business entities in Louisiana pay their fair share of taxes, while protecting Louisiana’s small businesses. The C-A-T is part of a broad tax and spending reform package proposed by Gov. Edwards to avoid the fiscal cliff on July 1, 2018. More
The centerpiece of Governor John Bel Edwards' plan to overhaul's Louisiana tax code is expected to be filed today. The measure has been referred to as a gross receipts or Commercial Activity Tax. Publisher of lapolitcs.com, Jeremy Alford, says there's very little support for this new tax on businesses.
Senate Majority Leader Mitch McConnell, R-Kentucky, has decided to postpone a vote on Republicans' legislation to repeal and replace the Affordable Care Act, also known as Obamacare, after concluding he does not have the votes to pass the bill this week before the chamber goes on recess for the 4th of July holiday. Several large patient and hospital groups, including the AARP and American Medical Association, have expressed skepticism about the draft legislation when it was first released last week in the Senate, but ramped up their opposition to the bill after the Congressional Budget Office (CBO) presented its formal analysis on Monday. The CBO report estimates that over the next 10 years, 22 million Americans would end up uninsured under the Senate plan as compared to trajectories under current law. The difference was largely a result of deep cuts to Medicaid within the proposal, as well as smaller subsidies in the form of tax credits to help people purchase insurance on the...