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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 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 on 2/20/24 at 6:04 am to ragincajun03
Zero chance. This is Louisiana and corrupt politicians need to eat somehow.
Posted on 2/20/24 at 6:21 am to ragincajun03
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 on 2/20/24 at 6:22 am to ragincajun03
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
B) this was not what Landry campaigned on. Imagine that, a politician over promising and not delivering
Posted on 2/20/24 at 6:27 am to ragincajun03
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.
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 on 2/20/24 at 6:29 am to Picayuner
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 on 2/20/24 at 6:40 am to Kreg Jennings
quote:Just post what they did. Didn't they increase property taxes an extreme amount?
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 on 2/20/24 at 6:42 am to Kreg Jennings
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 on 2/20/24 at 6:58 am to White Bear
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 on 2/20/24 at 7:00 am to ragincajun03
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.
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 on 2/20/24 at 7:01 am to saints5021
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 on 2/20/24 at 7:02 am to ragincajun03
quote:The question should be: "Will Louisiana Governor Jeff Landry begin taking steps to replace the state income tax?"
Will Louisiana Governor Jeff Landry begin taking steps to eliminate the state income tax?
Posted on 2/20/24 at 7:03 am to Kreg Jennings
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 on 2/20/24 at 7:07 am to KiwiHead
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.
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 on 2/20/24 at 7:22 am to teke184
Come go Texas.. see what we pay in property taxes.
They will
Find another way to frick you don’t worry
They will
Find another way to frick you don’t worry
Posted on 2/20/24 at 7:26 am to BearCrocs
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 on 2/20/24 at 7:39 am to White Bear
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 on 2/20/24 at 7:46 am to Tigerfan14
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 on 2/20/24 at 7:47 am to teke184
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 on 2/20/24 at 8:02 am to ragincajun03
They will some sort of tax reform package but not until next year's fiscal session.
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