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Will Louisiana Governor Jeff Landry begin taking steps to eliminate the state income tax?

Posted on 2/20/24 at 5:58 am
Posted by ragincajun03
Member since Nov 2007
28279 posts
Posted on 2/20/24 at 5:58 am
quote:

Louisiana Revenue Secretary Richard Nelson said Republican Gov. Jeff Landry wants to set the stage beginning in 2025 for eventually eliminating the state's income tax, but it won't happen in one dramatic step if at all.

Nelson, whose signature campaign issue while running for governor last year was abolishing the state income tax, discussed Landry's strategy on a podcast episode of LaPolitics Report that was posted Monday.

Nelson eventually dropped out of the race and was appointed by Landry as the governor's tax man.

We’re discussing, you know, how much of the elephant can we bite off in one chew,” Nelson told LaPolitics journalist Jeremy Alford on the podcast. "We’re definitely looking at it. We’re discussing. We’re trying to figure out the possible methods to get there.”

Since both Nelson and Landry both campaigned on eliminating the income tax, many are looking toward the 2025 fiscal Legislative Session to see how they might begin to implement the strategy.

To just say we’re going to get rid of the income tax right off the bat next year is going to be a difficult sale in all practicality," Nelson said. "I think that's a good end goal to have, saying, ‘How do we put all the pieces in place so it’s a possibility’?”

Asked by Alford about the possibility that supporters of the income tax elimination are becoming “less bullish” on the concept, Nelson said, “I think it’s a good goal and a good thing to have. I think depending on the will of the Legislature and how far the governor wants to go, I’d say it’s something worth putting on the table and seeing how far we can go to make that decision. At the same time, it’s $4.5 billion [lost].”

“Even if you don’t get rid of the income tax there are significant improvements we can make to the tax code to make Louisiana more competitive,” he said.

The LaPolitics Report podcast in its fifth season with Nelson featured as Episode 59. The podcast was last in full swing from 2016 to 2018, featuring guests such as the late former Gov. Edwin Edwards. The podcast covers the political waterfront, featuring elected officials, reporters, lobbyists, donors and others.



LINK
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7753 posts
Posted on 2/20/24 at 6:04 am to
Zero chance. This is Louisiana and corrupt politicians need to eat somehow.
Posted by White Bear
Deer-Thirty
Member since Jul 2014
17389 posts
Posted on 2/20/24 at 6:21 am to
I hope not. No income tax will shift even more of the burden to commercial property owners and homeowners whose property value exceeds the HE. My issue all along with “replacing” income tax is none of these clowns have even mentioned less government spending and growth.
Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3927 posts
Posted on 2/20/24 at 6:22 am to
A) I’m dizzy after reading that typical politician’s non answer

B) this was not what Landry campaigned on. Imagine that, a politician over promising and not delivering
Posted by Picayuner
Member since Dec 2016
3821 posts
Posted on 2/20/24 at 6:27 am to
The income tax is a punishment for working and contributing to society. It MUST be eliminated. Why punish only those who work ??????

Cut government size and spending and eliminate the income tax. How about reduce welfare and Medicaid and food stamps. Also run every illegal out of Louisiana.
Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
3927 posts
Posted on 2/20/24 at 6:29 am to
It’s really quite simple…take a look at what Texas and Florida did years ago to “replace the lost revenue”…heck Mississippi is phasing out income tax over the next 10 years. Take a look at their plan. They have a very similar demographic to us that has the same need for services.
Posted by Jake88
Member since Apr 2005
78942 posts
Posted on 2/20/24 at 6:40 am to
quote:

take a look at what Texas and Florida did years ago to “replace the lost revenue”…heck Mississippi is phasing out income tax over the next 10 years. Take a look at their plan. They have a very similar demographic to us that has the same need for services
Just post what they did. Didn't they increase property taxes an extreme amount?
Posted by saints5021
Louisiana
Member since Jul 2010
19298 posts
Posted on 2/20/24 at 6:42 am to
regardless of which way it goes, the tax code needs to be completely redone. Also, I don't think anyone is suggesting it will be done tomorrow. Just follow the Mississippi plan and phase it out with the new tax code.
Posted by DeCat ODahouse
Premium Member
Member since Jan 2017
1627 posts
Posted on 2/20/24 at 6:58 am to
quote:

No income tax will shift even more of the burden to commercial property owners and homeowners whose property value exceeds the HE. My issue all along with “replacing” income tax is none of these clowns have even mentioned less government spending and growth.


I regret I have but one upvote to give you, White Bear.
Posted by teke184
Zachary, LA
Member since Jan 2007
103363 posts
Posted on 2/20/24 at 7:00 am to
Eliminating income tax means phasing it out while, at the same time, raising other tax rates to compensate for lost revenue.

Considering what state we are in, those other tax rates go up while income stays in place because someone fricked someone on a deal.
Posted by teke184
Zachary, LA
Member since Jan 2007
103363 posts
Posted on 2/20/24 at 7:01 am to
quote:

regardless of which way it goes, the tax code needs to be completely redone. Also, I don't think anyone is suggesting it will be done tomorrow. Just follow the Mississippi plan and phase it out with the new tax code.


I don’t see the tax code getting redone without the entire state constitution being rewritten simply because everything is so entrenched in the current law.
Posted by Epaminondas
The Boot
Member since Jul 2020
5824 posts
Posted on 2/20/24 at 7:02 am to
quote:

Will Louisiana Governor Jeff Landry begin taking steps to eliminate the state income tax?
The question should be: "Will Louisiana Governor Jeff Landry begin taking steps to replace the state income tax?"
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
36515 posts
Posted on 2/20/24 at 7:03 am to
We are NOT Texas or Florida and so many of you need to stop thinking like that. However, maybe we should look at Mississippi or Kansas because the population numbers are similar along with economic profiles. Mississippi is phasing out and Kansas eliminated their IT a few years ago.
Posted by teke184
Zachary, LA
Member since Jan 2007
103363 posts
Posted on 2/20/24 at 7:07 am to
We may be about a similar population with MS and KS, but our tax system is decidedly more complicated.

Besides actual taxes themselves being more complicated, we have more types of taxes being collected here than in most other states.



At least part of that is that certain taxes are set up to where there are ones dedicated to the greater NO area administered by the state and then all other parts of the state for those same taxes.
Posted by BearCrocs
Member since Aug 2013
8363 posts
Posted on 2/20/24 at 7:22 am to
Come go Texas.. see what we pay in property taxes.

They will
Find another way to frick you don’t worry
Posted by teke184
Zachary, LA
Member since Jan 2007
103363 posts
Posted on 2/20/24 at 7:26 am to
quote:

They will Find another way to frick you don’t worry


Them doing it isn’t the issue.

I just mean things are so entrenched here that any changes to offset income going away are likely to happen while phasing out income gets declared “not feasible” down the line.



Changing taxes in this state is like making a deal with Congress on immigration…. Give them what they want now in exchange for promises never to be kept.
Posted by Tigerfan14
Member since Jun 2014
1735 posts
Posted on 2/20/24 at 7:39 am to
quote:

My issue all along with “replacing” income tax is none of these clowns have even mentioned less government spending and growth


This is what was brought up last time this was discussed. It’s hard to believe this is going to be done with the intention of saving the residents money. They will find some other way to make up the $4.5 billion loss and odds are it’s not going to be for the better.
Posted by ragincajun03
Member since Nov 2007
28279 posts
Posted on 2/20/24 at 7:46 am to
quote:

This is what was brought up last time this was discussed.


Yes, by just lazily increasing the state income tax to sky high rates.

What needs to be done in this exercise is not just eliminating the state income tax, but decentralizing power (revenue) away from the Capitol.

Figure out how to eliminate the state income tax while also shifting revenue raising mechanisms, and funding responsibilities, of local government infrastructure and duties to parish and municipal governments. Have local governments fund more of the burdens for local roads, police departments, public schools, etc.
Posted by Midtiger farm
Member since Nov 2014
6006 posts
Posted on 2/20/24 at 7:47 am to
quote:

I don’t see the tax code getting redone without the entire state constitution being rewritten simply because everything is so entrenched in the current law.


They are trying to do a constitutional convention this summer
Posted by BigJim
Baton Rouge
Member since Jan 2010
15012 posts
Posted on 2/20/24 at 8:02 am to
They will some sort of tax reform package but not until next year's fiscal session.
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