Contact Us

Gov. Edwards Hopes To Revamp Louisiana’s Tax System In Legislative Session

john-bel-edwards2Governor John Bel Edwards is seeking to give the Louisiana tax system a facelift during the upcoming legislative session. Port Allen Senator Rick Ward supports the effort to repeal many business tax exemptions, so that large companies are paying taxes to the state, instead of getting a big refund.

“Quite a few of your very large businesses that are not paying once they take advantage of all the different exclusions and deductions, so they would end up having to pay something.”

Ward says the plan to eliminate more corporate tax breaks is a much more fair approach.

“You have a lot less winners and losers than we currently have right now.”

But Shreveport Representative Alan Seabaugh is skeptical of Governor Edwards attempt at tax reform. He’s concerned that with the state searching for more dollars, higher taxes will be proposed when legislators meet in April.

“I think we’re going to see corporate income taxes increase, we’re going to see an attempt to increase personal income taxes, we’re going to see an attempt to pass a gas tax.”

Seabaugh also says if the state cuts exemptions and credits that businesses currently benefit from, then that will hurt economic development efforts.

“Enticing businesses into Louisiana by giving them tax credits and when those businesses come here they create jobs, which is better for everybody.”

Best of KPEL 96.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for News Junkies quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive News Junkies contests, events, coupons, presales, and much more delivered to you for FREE.