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Started By
Message
re: Largest tax exemption in Louisiana's history awarded for LNG project in Lake Charles area
Posted on 12/19/18 at 9:14 am to Strannix
Posted on 12/19/18 at 9:14 am to Strannix
quote:
Good, imagine the business climate we would have if ALL taxes were low
This. If low taxes bring in business and increase number of employees then just lower for all.
0
Posted on 12/19/18 at 9:19 am to tigerinthebueche
quote:
Dow gets an exemption to build/run a new unit basically saying they will pay later. But when later comes, they threaten to close the same unit cause they can't afford the taxes. So the taxes Dow promised/promises to pay, never materialize.
That is not what happens. Dow or any other plant agrees to another capital investment to expand or maintain a unit which brings in more money, construction, permanent jobs, etc if they can extend part of the ITEP. So the company agrees to increase their investment and add more jobs if the state agrees to extend part of the exemption while the new part is built/maintained. Hell, I am sitting on my project which is a $1B expansion of an already existing plant that has 1300 daily construction workers and will employee another 50 permanent when we are finished.
Posted on 12/19/18 at 9:20 am to SlowFlowPro
quote:
that's what i never understood about the locals here jumping on this issue
we will make so much in sales tax $
they're just greedy and still have the LA mentality of plundering any outside company who wants to invest in LA
because the populace is easily manipulated. and LC is very very divided by class.
Posted on 12/19/18 at 9:20 am to tigerinthebueche
quote:This is the problem. The exemptions keep getting granted. These companies aren't gonna abandon multi-billion dollar facilities, yet they can consistently make our politicians believe they will.
what if the company asks for the exemptions again or an extension of them?
The gf and I were driving over the MRB into New Orleans a couple of weeks ago, and I just started laughing at how pathetic our downtown is compared to other cities. It should be completely thriving. This all goes back to the people who elect the same politicians year after year
Posted on 12/19/18 at 9:32 am to Hammertime
quote:
These companies aren't gonna abandon multi-billion dollar facilities
the issue in this thread is having those companies build those facilities
Posted on 12/19/18 at 9:35 am to rowbear1922
If they aren't expanding, it is a problem but most of the time
^
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This is what happens.
But in general we spend way to much and tax to much to begin with. I can't blame companies for not wanting to pay the taxes. Its stupid how much we spend.
We spend way more per captia then TEXAS, Georgia, Florida all southern states that are thriving. Spend more than Alabama and SC which are southern states that are improving dramitically.
Hell we spend more than CALI per captia and every dumb frick on this board says cali is taxing the citizens out of the state. They are right, but what does that say about louisiana?
on education we spend LA is in top 15 on spending per student spending over 13k per student. Texas spends less then 10k per. Up until 2011 we spend more on higher education then almost every state also.
we have a fricking spending problem and we do not get results from the spending is the bottom line. SOmehting TOGETHER LA does not understand.
quote:
That is not what happens. Dow or any other plant agrees to another capital investment to expand or maintain a unit which brings in more money, construction, permanent jobs, etc if they can extend part of the ITEP. So the company agrees to increase their investment and add more jobs if the state agrees to extend part of the exemption while the new part is built/maintained. Hell, I am sitting on my project which is a $1B expansion of an already existing plant that has 1300 daily construction workers and will employee another 50 permanent when we are finished.
^
|
|
This is what happens.
But in general we spend way to much and tax to much to begin with. I can't blame companies for not wanting to pay the taxes. Its stupid how much we spend.
We spend way more per captia then TEXAS, Georgia, Florida all southern states that are thriving. Spend more than Alabama and SC which are southern states that are improving dramitically.
Hell we spend more than CALI per captia and every dumb frick on this board says cali is taxing the citizens out of the state. They are right, but what does that say about louisiana?
on education we spend LA is in top 15 on spending per student spending over 13k per student. Texas spends less then 10k per. Up until 2011 we spend more on higher education then almost every state also.
we have a fricking spending problem and we do not get results from the spending is the bottom line. SOmehting TOGETHER LA does not understand.
Posted on 12/19/18 at 9:38 am to Hammertime
quote:
These companies aren't gonna abandon multi-billion dollar facilities
Yes they will and the LC area saw quite a bit of this during the early 90s due to tax structure and the price of oil. DOn't think for a minute they won't.
quote:
The gf and I were driving over the MRB into New Orleans a couple of weeks ago, and I just started laughing at how pathetic our downtown is compared to other cities. It should be completely thriving. This all goes back to the people who elect the same politicians year after year
WTF are you talking about? Downtown cities in places like NOLA are built by private business and usually are built due to a tax break. Want to know why NOLA skyline looks like shite compared to Houston? Look no further than the policies Together LA is promoting. Low taxes and exemptions are needed to get businesses in here. Taxes here are way too high so we have to give exemptions to compete.
Posted on 12/19/18 at 9:49 am to lsu777
quote:
AS far as jumptheshark asking what Texas is doing different, its using exemptions like this. Go look it up. They stole most of the O&G sector from NOLA to Houston by offering tax breaks. LA is in the position it is in for the opposite reason Together LA says, its because we tax the frick out of people.
From an 1978 article “new Orleans I’ve seen the future and it’s houston.”
quote:
t the main power of the gentry is a purely negative one. A brash businessman from Texas, such as Jimmy Jones (or even a non-brash businessman from Texas, such as Jones's successor at the bank, Rodger Mitchell), who would have been a definite celebrity in Houston, couldn't make the Boston Club or the Dock Board in New Orleans. Along with top executives from Shell and Exon, Jewish real estate barons, and politicians, Jones would lunch at the frankly unsocial Petroleum Club or International House or the Sazerac Restaurant in the Fairmont Hotel (formerly the Roosevelt Hotel, Huey and Earl Long's haunt).
quote:
The style of these nonnatives dos not seem to mesh with that of the dean of Carnival society—men such a Richard Freeman, who owns the local Coca-Cola franchise, and Darwin Fenner, as in Merrill Lynch, Pierce, Fenner & Smith—so they aren't accepted into the inner circle. This sort of exclusion is practiced on a smaller scale every day in New Orleans, and it is cited by members of the city's Economic Development Council as a major deterrent bringing new businesses into the city.
LINK
Posted on 12/19/18 at 9:50 am to member12
Brayden gettin' a new travel ball glove for Christmas.
Posted on 12/19/18 at 10:41 am to tigerinthebueche
quote:
from the plant or a different source? what if the company asks for the exemptions again or an extension of them?
You tell them to go pound sand. They're not going to walk away from 15.9 billion dollars of operating physical plant to start building a new one somewhere else that will give them another tax break. If they want to make another large capital investment in the state and expand their operations, then we can talk about giving them some leeway on the new portion and MAYBE think about giving them some additional (but smaller) break on the existing plant.
This post was edited on 12/19/18 at 11:16 am
Posted on 12/19/18 at 10:47 am to member12
Getting a company through tax exemptions is a hell of a lot better than not getting a company at all. You can’t lose something you never had.
Think about all the taxes through sales and income it will generate.
The anti-business crowd sure is strong.
Think about all the taxes through sales and income it will generate.
The anti-business crowd sure is strong.
Posted on 12/19/18 at 10:56 am to JumpingTheShark
Louisiana will never move up in the rankings because it is mostly populated with shitty people with perpetual victim status who elect shitty leaders.
In short, it's a shithole.
In short, it's a shithole.
Posted on 12/19/18 at 10:57 am to rowbear1922
quote:
That is not what happens. Dow or any other plant agrees to another capital investment to expand or maintain a unit which brings in more money, construction, permanent jobs, etc if they can extend part of the ITEP. So the company agrees to increase their investment and add more jobs if the state agrees to extend part of the exemption while the new part is built/maintained. Hell, I am sitting on my project which is a $1B expansion of an already existing plant that has 1300 daily construction workers and will employee another 50 permanent when we are finished.
Thanks Row. I knew there was a counter argument to the politards complaints.
Posted on 12/19/18 at 11:00 am to TDsngumbo
Over the Calcasieu River on I 10
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