News -> INDReporter TUE, MAY 17 11:22AM by Walter Pierce

C’est what? State income tax repeals advance

The House Ways and Means Committee on Monday advanced a pair of bills by a Baton Rouge Republican state rep that would repeal the income taxes on both personal and corporate income. If they become law, the bills by Rep. Hunter Greene, the committee’s chairman, would go into effect next year and would drain the state budget of a projected $14.8 billion over the first five years of implementation.

State solons are currently grappling with a $1.6 billion budget shortfall.

Read more here.

 


Walter Pierce
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Comments (12)add
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written by ragin_cajun , May 17, 2011 - 05:31 pm
Well, if the government consistently wastes money at such a stunning rate, why should we continue to send it to them?
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written by Farrow , May 17, 2011 - 05:42 pm
WTF?! Is he insane? What we need to do is reinstate the Stelly Tax Plan, that's what we need to do.
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written by RCajunrunner , May 17, 2011 - 07:32 pm
Cue outrage from Stelly Tax supporters and those who like the fact that our elected legislators have to spend time in Baton Rouge horse-trading for their district's "fair share" of state tax dollars.

A plan such as this would give the opportunity to de-centralize state government and allow local parish and municipal governments to be more independent of the vote-buying amongst legislators at the Capitol.

State government could make the budgeting fall a good bit in line with the potential in lost revenues by getting out of the business of funding/matching local projects. This typically amounts to $2-3 Billion per year of the State budget.

However, since the tab for this funding would fall on local governments, voters would need to be open-minded to local tax increases if they want infrastructure and current local services to remain the same and continue any further improvements. The benefit to this, though, would be more tax dollars staying local, and voters would be able to follow the spending of these monies much easier attending parish and city council meetings, as opposed ot having to make constant journeys to Baton Rouge during legislative session.
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written by HRobertson , May 18, 2011 - 01:47 am
I can see no advantages to this unless you are wealthy and want to try to buy up state assets at fire sale prices. Driving the state into bankruptcy only would benefit those with the money to take advantage of the 'opportunities' presented. Just plain insane.
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written by RCajunrunner , May 18, 2011 - 09:20 am
How would this drive the state into bankruptcy if state government can offset most, if not all, of the lost revenues by no longer appropriating monies to local projects and needs?

It would just require that local governments increase tax revenues to make up for the lack of funding from the state. We could cut out the practice of taxpayers sending income taxes to Baton Rouge, only to have elected legislators and lobbyists then go and horse-trade to get that funding brought back to the parish and cities.
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written by Morrow , May 18, 2011 - 09:45 am
I'm all for cutting wasteful spending and NO NEW TAXES, OR USER FEES, but the state has to run, to survive, the thrive. We have water pooling, projected to be 20' high, roads in horrific condition, bridges falling apart, an educational system no performing, etc. YOU KNOW THE STATE'S FAULTS, and now is not the time to cut that funding. I don't know what kind of political game this is, but its stupid. I just wish they'd get down to real work and leave this grandstanding showmanship politics alone.

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written by Box Tox , May 18, 2011 - 01:25 pm
Repealing taxes always starts a fine discussion, and, sometimes a revolution.
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written by NORTHSIDIAN SHOTGUN , May 18, 2011 - 04:18 pm
If our children's educational system is a farce as it is at the present, and our taxes going to the state coffers leaves many legislators scraping for their pet projects then it seem that the local govermental bodies could use the tax money in their parishes knowning their needy sectors much better than the capital based couillions, and they are faulty and merit the title of, COUILLIONS.

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written by ragin_cajun , May 19, 2011 - 12:11 pm
Morrow --

State of LA has neglected all these legitimate roles of government. Why? Leaving the tax/no tax question aside for a moment...why would state government just neglect all these things?
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written by The Original Northsidian , May 19, 2011 - 08:26 pm
How can the state be out of money? When Blanco was governor Sen. Mike Michot said there was enough money for him to TRIPLE (that's 3X's folks) his pay. And to double the pay of the other elected state officials!! I am confused! What say you Mikee Boy! Oh, you say you want a statewide elected office??

My man, we won't forget!!!!!!!
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written by The Original Northsidian , May 19, 2011 - 08:27 pm
Farrow: I just have one thing to say to you. "Stelly Plan on This!"
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written by LAFAYETTE NATIVE RESIDING IN CA , May 21, 2011 - 03:43 pm
I don't know where those people get that stupid s*&$ from. These are the kind of legislators that need to be booted from office.

Where the F&$# IS THE STATE GOING TO GET REVENUE FROM. I believe that the state and federal should get revenue from every streme possible.

Boy! Those SOB's got a bad, bad case of "DA CRAZIES" GOING ON. This is the most PATHETIC CRAP SINCE VITTER AND HIS WHORES.

SMART POWER ROCKS
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