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Message
re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed
Posted on 3/17/17 at 11:09 am to doubleb
Posted on 3/17/17 at 11:09 am to doubleb
If you reall want to look at what got us into this mess aside from the cratering of the oil and gas market (huge impact), it was the scrapping of the Stelly Plan which actually reduced sales taxes, etc. but did make an increase in income taxes. Of course people don't like to pay income tax....but they don't mind getting raped on sales taxes so the legislature repealed it.
Look, if you want things like roads and road maintenance. Fire protection, police protection....flood protection and the maintenance thereof as well as education for the kids (not everyone can afford the 10K a year (minimum) it takes to send their kid to a Catholic or private school...then those things require money. I think the tax burden in Louisiana is kind of high especially on the sales tax end as well as the "fees" you pay. But taxes are a reality.
A lot of us bitch when things get tight and the legislature says they may have to raise taxes. We always say well, the state will have to do with less. Fair enough, but no one ever really says what they are willing to do without when it comes to services. We can bitch about the Medicaid expansion , but, we pay for the poor one way or the other when they get sick either through taxes or higher rates on our insurance.
We probably as a state need to do better at getting federal royalties on oil and gas from offshore leases that pass through Louisiana. Personally, I would hit the refiners wit a tax....they are not going to run off anywhere....it's been 30 years since a new refinery was built in the US. Also change the homestead exemption to tax the 2nd 75K....you could reduce or eliminate the state sales tax on things like .....food
Look, if you want things like roads and road maintenance. Fire protection, police protection....flood protection and the maintenance thereof as well as education for the kids (not everyone can afford the 10K a year (minimum) it takes to send their kid to a Catholic or private school...then those things require money. I think the tax burden in Louisiana is kind of high especially on the sales tax end as well as the "fees" you pay. But taxes are a reality.
A lot of us bitch when things get tight and the legislature says they may have to raise taxes. We always say well, the state will have to do with less. Fair enough, but no one ever really says what they are willing to do without when it comes to services. We can bitch about the Medicaid expansion , but, we pay for the poor one way or the other when they get sick either through taxes or higher rates on our insurance.
We probably as a state need to do better at getting federal royalties on oil and gas from offshore leases that pass through Louisiana. Personally, I would hit the refiners wit a tax....they are not going to run off anywhere....it's been 30 years since a new refinery was built in the US. Also change the homestead exemption to tax the 2nd 75K....you could reduce or eliminate the state sales tax on things like .....food
Posted on 3/17/17 at 11:37 am to KiwiHead
quote:
A lot of us bitch when things get tight and the legislature says they may have to raise taxes. We always say well, the state will have to do with less. Fair enough, but no one ever really says what they are willing to do without when it comes to services. We can bitch about the Medicaid expansion , but, we pay for the poor one way or the other when they get sick either through taxes or higher rates on our insurance.
You do realize that they just raised state taxes over a billion dollars. La. Sales tax went from 4% to 5% which was a 25% increase right there.
The current state budget was pegged at 26.9 Billion. Just slightly over 12 Billion dollars comes directly from the Federal Govt. meaning La. generates roughly 15 Billion dollars in taxes and fees, etc a year.
That means La. taxpayers just took a hit of over 7% in state sales tax increases.
With a state in recession is it a good idea to keep raising taxes without cutting the superfluous programs and the pork?
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