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re: Did JBE get his West Point appointment through political connections?
Posted on 10/22/19 at 10:38 am to KiwiHead
Posted on 10/22/19 at 10:38 am to KiwiHead
quote:
...although many on here make it seem like an increase in the sales tax was a kick in the nuts the Louisiana economy....and not the decrease in the price of oil and the taxes we would collect from that and the royalties lost from the federal government.....nah could not be that, has to be the increase in the sales tax.
The price of oil has been on an upward track for the last four years.
On the other hand JBE raised sales taxes 25% initially and then permanently about half of that percentage. But he also raised a lot of other taxes such that he took Billions out of the state's economy to the point where we are running large surpluses.
But you are right, the tax increase isn't the only reason our economy has not gone anywhere, the anti business rhetoric coming out of the administration has hurt too.
1
Posted on 10/22/19 at 11:13 am to doubleb
quote:
But he also raised a lot of other taxes such that he took Billions out of the state's economy to the point where we are running large surpluses.
Name the other tax increases.
quote:
the anti business rhetoric coming out of the administration has hurt too.
I really haven't heard any anti business rhetoric....you are gonna have to cite this because just because you say it , does not make it so. Other than the LABI baws who work for LABI, most larger business guys I speak with don't have a real issue.
quote:
The price of oil has been on an upward track for the last four years.
Please, the price of oil has been in a depressed state since September 2014 when Alaweed sent the Saudi oil minister a letter citing concerns about American shale production and the Saudis opened the taps. Oil has been running in a range of 44.00 to 59.00 over the last year as opposed to the 120.00 a barrel in June 2014 when the state was rolling in money. Yeah we are up from the 30.00 price in 2015, but we are no where near the target the legislature set at 62.00 minimum.
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