re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed

Texas has a franchise tax that is somewhat of a hybrid between a gross receipts tax and a corporate income tax.

There are many details that need to be worked out here. This kind of makes the point that corporate taxes are a cost of doing business, more than something that you pay based on success. It's actually a pretty conservative idea.

Plenty of companies in all-glorious Texas pay franchise tax even if they don't make money.

I noticed that the article did not address Corp Franchise Tax in LA. Y'all may not realize that many times, a business here loses money so they pay no corp income tax but they still have positive equity so they pay franchise tax.