![Louisiana Senator’s Bill To Cut Income Tax Rates](http://townsquare.media/site/36/files/2012/03/Barrow-Peacock-235x300.jpg?w=980&q=75)
Louisiana Senator’s Bill To Cut Income Tax Rates
The state released it's new budget which shows a major deficit, but income taxes might be cut. A new bill for the upcoming legislative session would cut state income tax rates for people earning $50,000 or more a year.
State senator Barrow Peacock, the man behind the bill, says the income tax rate would reduce from 6 to 4% over the next four years. He says that this reduction would assist the state in competing for business with other states.
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