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re: Jeff Landry transition committee calls for phasing out corporate and personal income taxes
Posted on 1/27/24 at 10:32 am to WPBTiger
Posted on 1/27/24 at 10:32 am to WPBTiger
quote:
Landry and state legislators ought to begin phasing out corporate
I'm all for getting rid of personal income taxes. But why would we need to get rid of corporate income tax? that's shady and makes Landry look like a puppet to the corporate swamp.
What's the idea behind getting rid of corporate income tax? more companies will come =more jobs? just trying to understand this angle
2
Posted on 1/27/24 at 10:33 am to Bison
quote:
But why would we need to get rid of corporate income tax?
Louisiana has a rep as anti business, goes back to Huey Long.
Posted on 1/30/24 at 9:52 am to Bison
quote:
What's the idea behind getting rid of corporate income tax? more companies will come =more jobs? just trying to understand this angle
I don't know if we need to get rid of the corporate tax per se, but we need to simplify it.
The level of corporate taxaton isn't hurting us, but the insane complexity, and the need to lobby / satisfy for credits, certainly is hurting us.
It's probably politically easier to just throw the whole system away, then it is to simplify it.
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