The structure of Louisiana's tax code results in lower state revenue collections whenever federal taxes go up, the state's top economists said last week.

Jim Richardson, an economics professor at Louisiana State University, and Greg Albrecht, chief economist for the Legislative Fiscal Office, told the Press Club of Baton Rouge that looming federal tax hikes could make Louisiana's financial situation even worse.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.