Louisiana's governor secures bipartisan support for a tax reform package that alters rates, aiming to boost the economy.

Louisiana's governor, Jeff Landry, secured bipartisan support for a tax reform package that introduces a 3% flat tax for individuals and reduces corporate taxes, while raising the state sales tax to 5%, making Louisiana's combined sales tax the highest in the nation at 10.6%. The package also aims to boost the economy by $4.5 billion and create 4,000 to 5,000 jobs. Critics argue the changes will disproportionately affect low-income workers, while supporters see it as simplifying the tax code and promoting economic growth.

November 25, 2024
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