(The Center Square) – Republican legislators on Tuesday called for Louisiana to eliminate state income taxes while acknowledging that the chances of doing so anytime soon are slim at best.
“We’re going to swing for the fences,” said state Rep. Thomas Pressly, a Shreveport Republican.
Rep. Richard Nelson, R-Mandeville, said repealing personal and corporate income taxes would solve two problems at once by making the state more attractive to businesses and residents while dismantling a system in which most of the tax dollars flow through the State Capitol.
“We put everything in Baton Rouge, and we all go to Baton Rouge to go fight to get all our money back,” Nelson said. “It’s just not a really great system.”
Nelson and Pressly participated in an online questions-and-answers session hosted by the Pelican Institute for Public Policy, which advocates for lower taxes and reduced government spending.
He said a better system would let parishes and municipalities fund their own needs through property taxes, which is basically the Texas model.
“Revenue-neutral tax reform is really nonpartisan,” Nelson said. A more decentralized tax system would allow New Orleans, a heavily Democratic city, to “call its own shots,” he said.
But that idea presumes … Continue Reading Full Story