Edwards attempt to forestall right-sizing of state government hinges on finding new revenues to support a bloated state sector. Trumpeting budget deficit after budget deficit best accomplishes this objective. Thus, any organic creation of new revenues – i.e., a larger tax haul without raising rates or scrapping exceptions – puts a dent in this plan as it reduces the deficit, relieving pressure on instituting permanent new revenue sources – particularly his preferred progressive income taxation especially on corporations or fewer exceptions where the bulk of newly-unshielded dollars would come from transactions disproportionately undertaken by higher-income entities.
Thus, his administration has tried to throw cold water over the beneficial impact tax cuts passed the Republican-led Congress and signed into law by GOP Pres. Donald Trump would have on the projected fiscal year 2019 budget for Louisiana. Reviewing those changes, and only partially, the Edwards Administration said it would mean a boost of $200 million to $250 million for FY 2019. That covers only individual income tax collection; the Administration has abjured from estimating the impact that corporate tax cuts would produce, so the figure could go much higher.