NFIB State Director Dawn Starns McVea released the following statement today in response to Revenue Secretary Kimberly Robinson’s comments in this morning’s meeting of the House Ways and Means Committee concerning tax rates:
“We’re deeply troubled by Secretary Robinson’s comments this morning about the Edwards administration’s opposition to tax cuts in fiscal 2022.
“Allowing reductions in the income tax rate and deductions for things such as net operating losses, plus the usual benefits of Louisiana’s sales tax holidays would make things better for families and small business owners struggling to rebound from the COVID-19 economic downturn. Louisiana had a surplus last year and this year, but business income is down. Hanging onto that tax revenue just to grow the size of government is the wrong policy for Louisiana.
“We need a strategy that will ignite our economy. That is best done by getting taxpayer dollars back to taxpayers. Going forward with the usual sales tax holidays and other initiatives to ease the tax burden on working Louisianans would help the state recover from the pandemic. The administration’s lack of enthusiasm to support tax cuts in spite of ongoing litigation to stop federal government overreach into state’s tax policies just rubs salt in the financial wounds of Louisiana’s small business owners.”