Your federal tax cut savings may help to fill $1 billion budget gap

By Tryfon Boukouvidis and Drew White

Do you want the state to take a small part of your federal tax cut savings to help solve its budget problems?

Right now, that will happen automatically for many Louisiana residents as the federal tax cuts lower the value of the deductions they can take on their state returns. And as the Legislature heads into a special fiscal session on Monday, it is one of the only possible aids to closing a $1 billion budget gap that both Democrats and Republicans seem happy to accept.

Read the story in WWL-TV.

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