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Louisiana shifts tone on tax breaks for business
Source:
wbrz.com
- Jul 5, 2016
BATON ROUGE - After years of generosity with tax breaks and subsidies, Louisiana’s leaders are taking a new approach with business, responding to years of budget problems with scaled back support for companies and questions about the value of such investments.
Gov. John Bel Edwards said he wants to make sure Louisiana’s limited tax dollars are spent wisely, focused on investment returns rather than giveaways. State lawmakers in some instances have been harsher, suggesting companies have siphoned billions from the state treasury and are too greedy to give anything back amid difficult financial times.
Business leaders say the decision-making — and even just the rhetoric — could chase away big-dollar investments from the state at a time when Louisiana is grappling with what one state economist has described as a recession.
But after 20 years of state government often conceding to the wants of business and industry, the tone has clearly shifted in Baton Rouge.
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Category: General Business
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