Governor John Bel Edwards’ tax plan – panned by Republicans, Democrats, and business groups – has just received its fiscal note analysis, and as expected, Louisiana businesses and hard-working families will be footing the bill for Edwards’ tax-and-spend policies.
Here is an AR2 By The Numbers look at what the Edwards’ tax increases mean for Louisiana businesses:
253,000+ businesses impacted by John Bel Edwards’ liberal tax hike.
$823,000 in implantation costs: these new costs are required to cover the “significant administrative expense to design, program, and test the tax processing system.”
$139,000 annual administration costs: Two new bureaucrats would need to be hired to implement Edwards’ new tax.
$400 million less revenue than promised: Edwards promised this a solution to fix the state’s looming deficit, but his tax plan doesn’t meet the promises he set.