Louisiana governor enacts tax reforms aimed at boosting business, though critics argue reforms are insufficient.

Louisiana Governor Jeff Landry's recent tax reforms in a special legislative session have received praise for making the state more competitive, but critics argue the changes only scratch the surface of needed fiscal reforms. The session, which critics say limited public input, included removing some tax incentives and credits, cutting corporate income taxes, and introducing a tax on digital goods. A constitutional rewrite of Louisiana’s tax and revenue policies is up for a March 29 referendum. The Tax Foundation says the changes should improve the state’s business climate, though it comes with a higher sales tax rate. Critics question if shifting the tax burden will address broader issues like population loss and environmental concerns.

December 01, 2024
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