Governor Landry holding press conference at today to discuss tax reform

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Governor Jeff Landry holds a press conference today to discuss tax reform. The Landry Administration is interested in lowering the state’s income tax rate for everyone and offset the revenue loss by eliminating certain tax breaks. Political analyst Bernie Pinsonat says the administration’s goal is to simplify the state’s tax code

“So it’s a whole slue and  array of approaches of the governor and Richard Nelson to try to modernize Louisiana’s tax system and at the same time compete with other southern states who virtually have no state income tax.”

Landry is set to provide more details at a 10 AM press conference on the fourth floor of the state capitol. Pinsonat says Louisiana residents will support a lower state income tax rate, but the tax reform plan will call for a sales tax on services that are currently not taxed and the elimination of certain tax breaks

“It has a lot of pitfalls of course when you start talking about taking tax breaks away and increasing taxes on some.”

Pinsonat says the Landry Administration is eying a November special session on tax reform. He says it’s an issue that will be difficult for the public to understand, but the governor will make the case that it needs to be done to improve Louisiana’s economy…

“If we want to compete and keep our citizens, the college graduates staying in Louisiana, the only way to do that is increase the opportunity for jobs and a lot of this is tied to that”

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