In response to Gov. Jeff Landry’s plan to call lawmakers into a special session to debate tax reform, RESET Louisiana has hired well-known economist and fiscal expert Greg Albrecht to conduct an independent analysis of the proposals and determine how they would impact taxpayers.
Albrecht worked at the Louisiana Legislative Fiscal Office from 1985 until 2022, serving as the office’s chief economist from 1991 until his retirement from state government. In that role, Albrecht tracked economic trends and tax collections, analyzed the potential financial impacts of proposed legislation and devised income forecasts from which lawmakers built the state budget. Albrecht currently is a research fellow at the LSU Center for Energy Studies, where he helps estimate the financial impacts of energy investments.
In his work with RESET Louisiana, Albrecht will model the potential implications of the Landry administration’s proposed personal income and sales tax changes on households by tax bracket. The work will give Louisiana citizens and policymakers a better understanding of the proposals’ impacts on the pocketbooks and paychecks of state residents.
RESET supports the broad concepts of the governor’s tax reform plan to simplify and modernize Louisiana’s uncompetitive tax system, but we also believe an independent review of what those changes mean for taxpayers is key to helping legislators and the public understand the ideas and scrutinize them.
Albrecht’s analysis will be limited to the major portions of the sales tax and personal income tax proposals. RESET will release the modeling before a special session the governor said he intends to call for November.
(RESET Louisiana is a nonpartisan collaboration between the Council for A Better Louisiana, the Public Affairs Research Council of Louisiana and the Committee of 100, aimed at pursuing public policy that will improve the state’s future.)