While all of Governor Edwards’ disastrous new tax proposals have failed this session, there is a new report detailing how under his administration, Louisiana implemented the largest tax increase in the country last year.
May 30, 2017
Report: Edwards’ 2016 Tax Hike Was The Largest In The Country
While all of Governor Edwards’ disastrous new tax proposals have failed this session, there is a new report detailing how under his administration, Louisiana implemented the largest tax increase in the country last year.
The new report released by the nonpartisan National Conference of State Legislatures reveals that not only did Louisiana have the largest tax increase in the country in 2016, but it was 15 times larger than the 2nd highest increase. Of the estimated $2.3 billion of net tax increase nationwide last year, Louisiana made up $1.5 billion of it.
Here is how LaPolitics summarized the impact of the Edwards’ tax hike:
Louisiana implemented the largest tax increase in the United States in 2016, according to a 50-state survey compiled by the National Conference of State Legislatures.
The report estimates the overall increase in Louisiana at $1.5 billion, driven by changes in the state sales tax structure that were approved by the Legislature and governor during last year’s regular session.
South Dakota was the closest to the Bayou State’s tax burden, with its net revenue boost weighing in at $107 million.
To put that into perspective, more than half of the total net increase seen nationally in 2016 came from Louisiana alone, based on the report’s math.
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Check out LApolitics summary of the report’s findings about Louisiana here.
Read the full report here.