April 17, 2017

Bi-Partisan “Skepticism” Has Edwards’ Tax Plan In Trouble

Governor John Bel Edwards (D-LA) is having a tough stretch. He was hammered by Congress for his poor flood response, he was blasted over his plan to provide Louisiana tax dollars to a company linked to the Chinese Communist Party, and the rollout of the governor’s tax hike plan has been panned relentlessly.

Now with the official release of Edwards’ tax plan today, it looks like it’s already a long shot to become law:

“One week into this year’s regular legislative session, Gov. John Bel Edwards has yet to gain visible traction for his far-reaching plan to replace the state’s corporate tax on profits with a corporate tax on sales, as a way to raise more revenue to offset taxes that are disappearing. Lawmakers — Democrats and Republicans alike — are expressing skepticism over the proposal, but administration officials believe that a reworked version to be released Monday will generate supporters.”

Tax experts have slammed the Edwards’ proposal because of its “negative impact on the economy,” while the president of the Louisiana Association of Business and Industry called Edwards’ plan “tone deaf to economic reality.” Now Edwards is even facing friendly fire from leading Democrats in the state legislature:

“‘The (tax) will have a tough, tough road,’ state Rep. Gene Reynolds, of Minden, who heads the House Democratic Caucus, said in an interview. ‘People don’t understand the whole thing. LABI (the Louisiana Association of Business and Industry) and the different business groups are against it.’”

It appears the only politician in Louisiana who thinks raising taxes on Netflix is a good idea is John Bel Edwards. It’s tough being “The Accidental Governor.”