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Message
re: Rispone calls out JBE and Together BR on their stance against ITEP
Posted on 2/4/19 at 2:36 pm to toosleaux
Posted on 2/4/19 at 2:36 pm to toosleaux
Uh huh.
Standard raped the state until Kingfish made them pay up.
Go look at how northern industrialists raped the South for resources after the war and used the government to keep Southern industry strangled.
Standard raped the state until Kingfish made them pay up.
Go look at how northern industrialists raped the South for resources after the war and used the government to keep Southern industry strangled.
1
Posted on 2/4/19 at 2:36 pm to fallguy_1978
quote:
Other states do it too. If LA doesn't play ball those jobs will go to a state that will.
Those other states we are competing with (i.e. Texas) have a much simpler tax structure. And to the extend they give property tax exemptions on industrial property, do you know who makes the decision on granting it?
The locals.
JBE is trying to get us to be more like Texas, and many of you are too blinded by politics to see that.
Posted on 2/4/19 at 2:39 pm to LSUFanHouston
quote:
JBE is trying to get us to be more like Texas
I agree here but the issue is the locals are too retarded/easily manipulated (at least in Baton Rouge) by groups like TBR and make stupid decisions that hurt then both locally and statewide.
This post was edited on 2/4/19 at 2:40 pm
Posted on 2/4/19 at 2:39 pm to prplhze2000
quote:
Standard raped the state until Kingfish made them pay up.
Yeah, but they didn't pay the state, they paid the Kingfish. The Kingfish then continued to rape the state and steal property via corrupt property tax collection which was funnelled into the Long Land Corporation. The Long lands were then leased for oil exploration.
Huey stole way more from this state than Standard Oil ever dreamed of stealing.
Posted on 2/4/19 at 2:40 pm to SpeckledTiger
quote:
So why doesn't the state exempt more of the corporate tax rather than taking the local tax funds from the local communities that voted them in place to begin with? T
Cause that would require cutting state spending. And well, neither party has the appetite for that.
Posted on 2/4/19 at 2:47 pm to LSUFanHouston
quote:
JBE did the right thing by putting the decisions about how to collect LOCAL taxes into LOCAL hands. JBE's decision to do that is not the same as TBR's stance on ITEP. TBR's stance is that locals should shoot them down. JBE's stance is that locals should have the choice.
The problem is instead of choosing the hard path and rewriting our tax code, he just used an exec order to create massive uncertainty.
Posted on 2/4/19 at 2:50 pm to LSUFanHouston
quote:
If the government didn't pick winners and losers, that argument might hold water.
ITEP is open to any company that produces goods in Louisiana with at least 50% of their product being exported.
There’s plenty of incentives available that are comparable office-related services with at least 50% of their sales coming from outside Louisiana.
Posted on 2/4/19 at 2:54 pm to rowbear1922
quote:
I agree here but the issue is the locals are too retarded/easily manipulated (at least in Baton Rouge) by groups like TBR and make stupid decisions that hurt then both locally and statewide.
The EBR school board decision on the first set of XOM applications was based on an unfortunate fact pattern. It was for turnaround work that was already completed. There was no promise of new jobs, etc.
Before we all lose our minds, I'd like to see the school board vote on a measure for a future expansion that hasn't yet started.
Posted on 2/4/19 at 2:57 pm to LSUFanHouston
ITEP application was pulled because of the rejected ITEPs regarding the turnaround work. I initially was all for rejecting ITEP for completed work, but then you see it’s for $3M over 10 years when a company was working out plans on a $1B expansion and you say, “Sure, provided you expand.”
Posted on 2/4/19 at 2:57 pm to LSUFanHouston
quote:
The EBR school board decision on the first set of XOM applications was based on an unfortunate fact pattern. It was for turnaround work that was already completed. There was no promise of new jobs, etc.
The only reason the work was already done is because JBE exec ordered the new rules without promulgation.
And I believe XOM did add a few direct jobs for the project...not to mention the millions spent in labor by the subcontractors.
Posted on 2/4/19 at 2:58 pm to Golfer
quote:
The problem is instead of choosing the hard path and rewriting our tax code, he just used an exec order to create massive uncertainty.
Which tells me that it was an exec order that started this mess years ago. (Otherwise, the courts would have ruled he didn't have the right to do this by exec order).
Ideally, and I've said this before in other threads on this topic, the solution is to reform the entire tax code - including the relationship between the state and the locals - to make things like ITEP relatively unnecessary.
But it goes against every principal of conservative economic principals, for an entity (the state) to force a local government to give a tax break on local taxes.
There is nothing stopping the state from creating some new state income or franchise tax credits that the state can use for economic incentives.
But there is a reason the state wants to give away local money as opposed to their own money. And you know what that reason is as well as anyone on this board.
Posted on 2/4/19 at 2:59 pm to rowbear1922
quote:
ITEP application was pulled because of the rejected ITEPs regarding the turnaround work
Which to me, is crying on behalf of XOM. I understand if XOM wants to use the first rejection in their consideration of future expansion. But why not go ahead and let the vote occur on the expansion anyways, and see what happens?
XOM is swinging their balls here. Their right to do so, but let's call it what it is.
Posted on 2/4/19 at 3:02 pm to LSUFanHouston
I’d say, “frick you”, too if I was XOM. Why reward an ungrateful city?
Posted on 2/4/19 at 3:03 pm to Golfer
quote:
And I believe XOM did add a few direct jobs for the project...not to mention the millions spent in labor by the subcontractors.
But that already happened.
Like I said, it's a bad fact pattern. I'm not blaming anyone for that. It just is what it is.
What is easier for someone to support?
1) We need this tax break to make this project work, and if it works, it will result in X new jobs and X new money in the economy?
2) We already finished the projects, which shows we don't need the exemption for this to make investment sense. And the value is already on the books.
It's kinda like the argument last year about the expiring temp sales tax. The rate dropped from 5% to 4.35%, but not as low as the 4% which would have happened if nothing occured. So, was it a sales tax rate hike from 4 to 4.35, or a cut from 5 to 4.35?
Posted on 2/4/19 at 3:04 pm to rowbear1922
quote:
I’d say, “frick you”, too if I was XOM. Why reward an ungrateful city?
School board. Perhaps the Metro Council would have approved their part. We don't know.
I'll say this... I think industry is going to get a lot more involved in school board campaigns.
Posted on 2/4/19 at 3:14 pm to LSUFanHouston
quote:
I'll say this... I think industry is going to get a lot more involved in school board campaigns.
With as big of an ignorant population as BR has, it may not matter. Hell, the school board is already incompetent and they are the ones that now have a say in ITEPs.
Posted on 2/4/19 at 3:23 pm to LSUFanHouston
quote:
JBE did the right thing by putting the decisions about how to collect LOCAL taxes into LOCAL hands. JBE's decision to do that is not the same as TBR's stance on ITEP. TBR's stance is that locals should shoot them down. JBE's stance is that locals should have the choice.
I agree hence the reason why here in Ascension we are very successful and in EBR they aren’t successful when it comes to industry. Together BR is a bunch of idiots playing a progressive gameplan to trick people into believing them because in the progressive mind, the more money the rich pay then the better the community will be which isn’t true. It’s mainly Together BR that is ruining everything by brainwashing people into believing that the industries are bad people and the reason why Louisiana is poor. The only thing holding Louisiana from being with no money is the industries. They’re blaming the wrong people to try and fool people into believing that we need more big government in our lives.
Posted on 2/4/19 at 3:31 pm to LSUFanHouston
quote:
This is a complicated topic. It's a shame that many people in our state are too dumb to understand it. All them know is R=Good and D=Bad.
Yes too complicated for the local governments to decide. It's a shame they are too dumb to make the proper decision (at Least in EBR)
Posted on 2/4/19 at 4:30 pm to sta4ever
I wouldn't trust a moron like JBE to economically develop a McDonalds franchise let alone a multibillion dollar economy of a state in the most powerful country in the world.
Posted on 2/4/19 at 9:48 pm to tommy2tone1999
quote:
Yes too complicated for the local governments to decide.
I think you’ve hit the nail on the head. A lot of people have pointed out (correctly, IMO) that it makes no sense for the state to control a local tax break with no input from the local government. At the same time, however, it ALSO makes no sense for local school boards to have veto power over tax breaks that have a significant impact on the surrounding areas’ economies.
XOM Baton Rouge was a strange case all the way around. But also consider the case of St. Bernard Parish, which rejected an ITEP application from PBF Chalmette purely because the school board needed the money.
Moving the tax breaks into the school boards’ and sherrifs’ hands just creates a potential windfall situation for local governments, and I don’t believe that’s a wise path. These issues shouldn’t be handled by local politicians AT ALL; they should be managed by LED.
It’s possible to solve both issues, by granting incentives tied to state taxes and managed by state officials. But that would require two things: 1) reduction in state tax revenues, and 2) most likely a rework of our state tax codes. It seems like we are constantly hamstrung by our overly complicated bullshite tax codes that have been manipulated over and over again. My opinion is that we should just rip our entire state constitution in half and start over, but that’s just me.
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