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1. Lessons and Limits: Tax Incentives and Rebuilding the Gulf Coast after Katrina

Author:
Michael J. Rich and Robert P. Stoker
Publication Date:
08-2006
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
In the wake of the devastation wrought by Hurricane Katrina, Congress enacted legislation creating Gulf Opportunity Zones (GO Zones) in localities in Alabama, Louisiana, and Missis- sippi that suffered the most extensive storm damage. Special tax incentives created in these areas are designed to encourage investment, job creation, and economic growth. While many studies have been done to evaluate the effectiveness of federal and state tax-based efforts to redevelop distressed areas, none of the learning has been reflected in policy debates about the Katrina recovery effort. The evidence suggests that tax incentives alone are not enough—they work better when combined with good planning, local capacity-building, and good governance across sectors. This paper will summarize the purpose of the Gulf Opportunity Zone tax program and explain how this latest endeavor reflects the 25-year evolution of federal efforts to use tax incentives as a core tool for revitalizing distressed areas.
Topic:
Development, Disaster Relief, Economics, and Environment
Political Geography:
Alabama, Louisiana, and Mississippi

2. Katrina Index: October Findings

Author:
Amy Liu, Matt Fellowes, and Mia Mabanta
Publication Date:
10-2006
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
In the last month, Louisiana's voters participated in a dramatic election, which resulted in the retention of many incumbent members of Congress from southern Louisiana and the transfer of power to Democrats in the U.S. House and Senate. The buzz now is whether a Democratically-controlled Congress will serve as a better ally to the people of New Orleans and southern Louisiana in addressing the continued short- and long-term recovery needs of the region.
Topic:
Development, Disaster Relief, Environment, and Human Welfare
Political Geography:
United States and Louisiana

3. CATO Institute: Options for Tax Reform

Author:
Chris Edwards
Publication Date:
02-2005
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
President Bush has established an advisory panel to study federal tax reform options. The panel is headed by former senators Connie Mack of Florida and John Breaux of Louisiana. Congressional leaders, including House Speaker Dennis Hastert and Majority Leader Tom Delay, have also pledged their support for reform.
Topic:
Development, Economics, and Government
Political Geography:
United States, Florida, and Louisiana