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Message
Three things JBE could do to reduce deficit without all his new taxes & without cutting--
Posted on 4/7/17 at 11:23 am
Posted on 4/7/17 at 11:23 am
1) eliminate payments and issuance of film tax credits--we have already decided we don't have honor them on any particular time schedule so instead of limiting redemptions to $180 million year let's limit them to $10 million--savings $170 million---cost to hardworking Louisiana taxpayers--ZERO
2) eliminated the oil severance tax credits--not as much revenue now as it was few years ago but could be $100 million---cost to hard working Louisiana taxpayers---ZERO
3) tax the government pensioners like the rest of us--on state pensions alone over $4 billion a year is paid out--none taxed. Add in the federal pensions that are not taxed--let's say another billion. If taxed like the common taxpayer's pension let's say the net rate would be 2% so there is another $100 million--cost to hardworking Louisiana taxpayers---ZERO
2) eliminated the oil severance tax credits--not as much revenue now as it was few years ago but could be $100 million---cost to hard working Louisiana taxpayers---ZERO
3) tax the government pensioners like the rest of us--on state pensions alone over $4 billion a year is paid out--none taxed. Add in the federal pensions that are not taxed--let's say another billion. If taxed like the common taxpayer's pension let's say the net rate would be 2% so there is another $100 million--cost to hardworking Louisiana taxpayers---ZERO
This post was edited on 4/7/17 at 11:24 am
16
Posted on 4/7/17 at 11:24 am to I B Freeman
You sure do love for other people to pay more taxes. You are a good democrat.
Posted on 4/7/17 at 11:25 am to I B Freeman
quote:
Three things JBE could do to reduc deficit
1. Cut back on medicaid fraud
2. Scrap the Charity system or modify it to take advantage of the medicaid expansion or whatever the republican healthcare plan eventually is.
3. Close 4 public universities ASAP.
Posted on 4/7/17 at 11:30 am to I B Freeman
Dumb Bel will never have enough of your money. No politician ever has enough money to spend. It's a law of nature. The more they spend, the more they and their friends make.
Posted on 4/7/17 at 11:33 am to I B Freeman
Also:
End Quality Jobs: 291M
End Enterprise Zone: 47M
End S Corp: 504M
End Inventory/Ad Valorem: 210M
End Fed Income Tax Deduction: 175M
End Quality Jobs: 291M
End Enterprise Zone: 47M
End S Corp: 504M
End Inventory/Ad Valorem: 210M
End Fed Income Tax Deduction: 175M
Posted on 4/7/17 at 11:53 am to I B Freeman
quote:Lawsuit, won't happen.
1) eliminate payments and issuance of film tax credits-
quote:I am down with that.
3) tax the government pensioners like the rest of us
quote:
2) eliminated the oil severance tax credits
Help me out with this. What is this referring to? What would it be listed as in the tax exemption budget and/or statute?
Posted on 4/7/17 at 12:26 pm to I B Freeman
Remove the statutory restrictions on some departments/programs so we can make cuts to more than just healthcare and higher education. You'll never make real progress unless all options are on the table. Without checking, I'd venture to say that 75% of the state's budget is statutorily protected. So we're trying to balance a budget with cuts that only impact 25% of the entire pie. It'll never work.
Posted on 4/7/17 at 1:25 pm to I B Freeman
Cutting the film tax credit saves zero money this year, same as merging higher ed institutions, but could yield huge savings in the future.
Posted on 4/7/17 at 1:34 pm to I B Freeman
Make weed legal
Posted on 4/7/17 at 2:20 pm to I B Freeman
Quit giving people money to have kids who can't afford to support them.
Posted on 4/7/17 at 3:32 pm to I B Freeman
quote:
state pensions alone over $4 billion a year is paid out--none taxed
This is kind of silly.
The state gives you money, and then says they want some of it back. Why not just reduce the benefit? If you sign an agreement with the state that they will pay you x amount, and then they turn around and pay x-y, isn't that kind of reneging on the deal?
I'm down with removing some exemptions (not the homestead exemption), I think it's the loopholes and special considerations some businesses get over others that should go first.
Of the 87 largest companies that filed corporate tax returns in 2012, one-quarter of them, 22 businesses, paid corporate income taxes in Louisiana, according to the revenue department data. About half of the businesses, 42, paid corporate franchise taxes.
LINK
WTF is that? Why not just lower the rate and make EVERY business pay?
Posted on 4/7/17 at 4:18 pm to I B Freeman
You are an idiot, despite the fact that you put yourself out there as some sort of governmental know it all. The three actions cited would exceed his executive authority and prompt multiple lawsuits which would cost ALL tax payers a ton of public money to both defend and pay. All three actions would not only require legislative changes, but also can only be prospectively applied. This the changes would not alter this fiscal year, and possibly only part (if any) of next fiscal year.
Posted on 4/7/17 at 6:38 pm to I B Freeman
Sell the state owned hospitals (yes they still are) to the for profits.
they could decrease personnel 50% and have higher quality of service
they could decrease personnel 50% and have higher quality of service
Posted on 4/7/17 at 7:25 pm to I B Freeman
Get rid of homestead exemption
And let me buy all that blighted property at the sheriffs sale in a few years
And let me buy all that blighted property at the sheriffs sale in a few years
Posted on 4/8/17 at 10:09 am to I B Freeman
There is a super easy way...
Legalize marijuana
Legalize marijuana
Posted on 4/8/17 at 10:10 am to I B Freeman
quote:
I B Freeman
You're ideas suck!
Posted on 4/8/17 at 10:22 am to I B Freeman
Or, here's a crazy thought. We actually make the oil and gas industry pay taxes on something. For two years in a row we have given out more money in tax credits/deductions to industry than we have taken in on taxes. Why not just make them pay some of the taxes that everyone else owes but they get exempted out of, despite them being the most able to pay them.
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