The study, “The Economics of Tax Reform in Louisiana, was
conducted in coordination with the Beacon Hill Institute.
“This study shows that Governor Jindal’s tax reform plan
gives Louisiana a unique opportunity to row its economy and boost the income
of its citizens,” said Kevin Kane, President of the Pelican Institute.
“This plan has several merits and should improve Louisiana’s
economic environment. There may be individual components, like the amount of
the tobacco tax increase, that could be subject to further review. But the
overall approach is pro-growth and could be a model for other states
contemplating how to grow their economies.”
The study finds that the Governor’s tax reform would create
11,810 new jobs in the state by 2017– or roughly 3,000 jobs per year directly
related to these tax changes—while maintaining revenue neutrality. It would
boost investment in the state by $183 million, and increase real disposable
income by $1.749 billion. That is, on average, an extra $910 for each of
Louisiana’s households.