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re: If paying businesses to come here is a positive thing then why is Louisiana so poor?
Posted on 3/13/23 at 9:01 pm to BeepNode
Posted on 3/13/23 at 9:01 pm to BeepNode
quote:
There's economic development "wins" every month.
Follow the deals through.
We have two types of incentives.
1) Job credits. When these expire companies pack up jobs and move away, like the EA and GE deals.
2) Capital incentive. Sure it’s awesome to see a company invest a billion dollars in a plant, and they won’t pack up and leave. But it only creates 16 jobs.
1
Posted on 3/13/23 at 9:06 pm to LSUFanHouston
Wouldn't we be better off if we just said screw it and abolished all tax credits and income taxes in general? All of them. Then put a property tax in place to make up the difference but with a 10 year phase-out so that local governments can put their own property taxes in place for schools, prisons, etc?
I realize LABI would melt if that happened, but..
I realize LABI would melt if that happened, but..
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