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Strong support shown for Louisiana's business tax breaks

1 year 7 months 2 days ago March 26, 2015 Mar 26, 2015 Thursday, March 26 2015 March 26, 2015 9:34 AM in News
Source: Associated Press
By: Melinda Deslatte

BATON ROUGE - Lawmakers who want to scale back Louisiana's business tax breaks don't appear to have public support on their side.

A poll released Thursday from LSU's Public Policy Research Lab says 72 percent of respondents support cutting taxes on business to attract them to the state. And 55 percent favor using state tax dollars to pay companies to come to Louisiana.

Even when told of the criticism about the incentive programs, public support for the tax breaks remains high.

Those findings come as state lawmakers consider scaling back Louisiana's tax breaks, whose costs have grown dramatically in recent years even as the state faces continuing budget troubles.

With a $1.6 billion budget gap to close for next year, legislators are questioning if the state's been too generous with its incentive programs.

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