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Surprise new tax plan from Louisiana Gov. John Bel Edwards has people 'eager for more details'

Source: theadvocate.com - Mar 18, 2017

Policymakers on the left, right and center of the political spectrum scrambled Friday to understand a surprise new tax plan favored by Gov. John Bel Edwards that would replace the state’s corporate tax on profits with a corporate tax on sales.

Most said they were trying to learn more about a proposal still without details that had not been part of the tax debate until it became public on Thursday.

“I don’t yet have any research that says what this will do,” Greg Albrecht, the Legislature’s chief economist, said in an interview. “I’m supposedly going to be educated on that.”

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Category: General Business