Leges Go Berserk With Tax Hikes

House clears $664 million in tax hikes in what critics call ‘probably the single largest tax increase day’ in Louisiana history

by Tyler Bridges and Mark Ballard

The representatives raised about $664 million in passing, usually with overwhelming majorities, a series of measures that rolled back tax exemptions and credits given as incentives to the business community.

“Today is probably the single largest tax increase day in the history of Louisiana,” said Stephen Waguespack, head of the state’s powerful business lobby, the Louisiana Association of Business and Industry, which opposes the legislative package. Limiting the exemptions and credits is nothing more than a tax increase.

“There’s no glossing over that,” Waguespack said.

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3 Responses to “Leges Go Berserk With Tax Hikes”

  1. Anonymous Says:

    Tax increases, my foot. As the article says, this package rolled back the welfare Waguespack’s bosses were getting. Gotta agree with the Governor on this one; welfare to business is still welfare. Compete in the market, fair and square. Don’t ask for a hand out.

  2. Anonymous Says:

    I agree. I am a small businessman. I pay my fair share and do not get any exemptions. So I am not objection to rolling back the exemptions.

  3. Rbp Says:

    Does it not take a 2/3 majority?

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