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BATON ROUGE, La. (AP) — Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced mounting resistance from lawmakers and lobbyists amid hard fiscal realities . The final passage of the bulk of Landry's proposed measures winds down a special legislative session called Nov. 6 by the governor and his allies. They said their purpose was to make the state’s tax code more business friendly, bring jobs and reverse trends of outward migration from the state. It was the third special legislative session called by Landry, a Republican, since he assumed office in January. The package of legislation includes a permanent $2,000 raise for teachers and doubles standard deductions for residents aged 65 and older. It raises the state sales tax to 5%, while granting Landry’s wish for lower personal and corporate income tax rates. It repeals the 0.275% corporate franchise tax, a levy on businesses operating on the state worth more than $500 million in annual revenue. The state's new corporate income tax rate will be a flat 5.5%, reducing the highest tier from 7.5%. Landry had wanted a 3.5% flat rate. Lawmakers approved a flat 3% individual income tax rate and nearly tripled the standard deduction for individuals. Previously, the personal income tax rate had stood at 4.25% for individuals earning $50,000 or more. “What I’m very confident in is that everyone’s going to have more money in their pocket at the end of the day with the personal income tax reductions,” said Republican Rep. Julie Emerson, who spearheaded legislation to flatten the income tax rate. With the personal income tax reductions reducing annual revenue by $1.3 billion, Landry’s original plan had called for applying sales taxes to dozens of services like car-washing, dog-grooming and lobbying. He also sought to eliminate large tax incentives for the restoration of historic buildings and the film industry. Those proposals were defeated, leading to a bigger sales tax hike than Landry initially proposed. Louisiana already had the highest combined state and average local sales tax in the country at 9.56%, according to the Tax Foundation, a think tank favored by conservatives. ___ Associated Press writer Kevin McGill contributed to this report. ___ _____ Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96 Jack Brook, The Associated Press
GREG JOHNSON: Saints game proves Giants assembled historically bad quarterback room
Snubbed by Team Canada, motivated Robert Thomas responds with three points vs. FlamesCopy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The soft voice helped. So did the weak chin and gawky height. Throw in the medical training in London, as well as the marriage to an urbane local, and it is small wonder that people were disarmed. Bashar al-Assad was no one’s idea of a despot. And when he freed some of Syria’s political prisoners in 2000, the West had more to go on than “vibes”. France gave him the Legion of Honour soon after. Financial Times Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Latest In Middle East Fetching latest articles Most Viewed In World
Recursion Pharmaceuticals CEO sells $285,600 in stockEAST RUTHERFORD — Joe Schoen apologists will tell you that he hasn’t had a chance to “pick” his own quarterback. Yet all he did this season was assemble one of the worst quarterback rooms in modern football history. Three quarterbacks have tried and three quarterbacks have failed miserably in this putrid Giants offense — the latest example coming Sunday at MetLife Stadium when Drew Lock had poor pocket presence and missed open receivers in the Giants’ 14-11 loss to a bad Saints team. “Obviously we could’ve done a better job in certain areas whether it’s protection, reads, throws, calls — [...]Manmohan Singh, the former Indian prime minister whose economic reforms made his country a global powerhouse, has died at the age of 92, current leader Narendra Modi said. Modi confirmed Singh's death, posting on X that India "dies the loss of one of its most distinguished leaders." Singh was taken to a hospital in New Delhi after he lost consciousness at his home on Thursday, but could not be resuscitated and was pronounced dead at 9:51 pm local time, according to a statement by the All India Institute of Medical Sciences. Singh, who held office from 2004 to 2014, is credited with having overseen an economic boom in Asia's fourth-largest economy in his first term, although slowing growth in later years marred his second stint. Born in 1932 in the mud-house village of Gah in what is now Pakistan, Singh studied economics to find a way to eradicate poverty in the vast nation and never held elected office before taking the nation's highest office. He won scholarships to attend both Cambridge, where he obtained a first in economics, and Oxford, where he completed his PhD. Singh worked in a string of senior civilian posts, served as a central bank governor and also held various jobs with global agencies such as the United Nations. He was tapped in 1991 by then Congress prime minister PV Narasimha Rao to reel India back from the worst financial crisis in its modern history In his first term Singh steered the economy through a period of nine-percent growth, lending the country the international clout it had long sought. He also sealed a landmark nuclear deal with the US that he said would help India meet its growing energy needs. Known as "Mr Clean", Singh nevertheless saw his image tarnished during his decade-long tenure when a series of corruption cases became public. Several months before the 2014 elections, Singh said he would withdraw after the polls, with Sonia Gandhi's son Rahul earmarked to take his place if Congress won. But Congress crashed to its worst-ever result at that time as the Hindu-nationalist Bharatiya Janata Party, led by Modi, won a landslide. Singh - who said historians would be kinder to him than contemporary detractors - became a vocal critic of Modi's economic policies, and more recently warned about the risks that rising communal tensions posed to India's democracy. You can unsubscribe at any time by clicking the link in the footer of our emails. We use as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.
Independent Candidate A-Plus Defeats NPP in Gomoa Central Constituency
Knights center ‘excited’ to visit old rink for 1st time since tradeANKARA Kosovo police closed the offices of the Serbia-affiliated Public Housing Directorate and the Urban Construction and Road Directorate in northern Mitrovica, local media reported. Serbian flags outside the building were also removed. Veton Elshani, deputy director of Kosovo Police North Region, told the press that the operation was conducted at the municipality's request. The offices located in a building, owned by the North Mitrovica Municipality, were evacuated, and an investigation into document forgery was initiated at the prosecutor's request. In response, Serbia’s Kosovo Office accused Kosovo of continuing "violence" against Serb-affiliated institutions, urging Serbs in Kosovo to remain calm. The closed offices reportedly had 70 employees. Serb List, the largest Serb political party in Kosovo, barred from the upcoming Feb. 2025 elections, blamed Prime Minister Albin Kurti for the situation. This follows previous closures of banks and post offices serving Kosovo Serbs, heightening tensions between Kosovo and Serbia. Serbia’s refusal to recognize Kosovo’s 2008 independence remains the core issue. Efforts to normalize relations and achieve mutual recognition are ongoing under the EU-led Belgrade-Pristina Dialogue launched in 2011. *Writing by Alperen Aktas from Istanbul