Senators blast business for seeking to protect tax breaks
BATON ROUGE - Senators grilled business lobbyists on the second-to-last day of the special legislative session, saying companies aren't doing their fair share to help close Louisiana's budget gap.
Lobbyists for the oil and gas industry, chemical plants and other companies urged the Senate tax committee Tuesday against shrinking sales tax breaks they receive.
That prompted a blistering rebuke from several members of the committee who said businesses are pushing higher sales taxes on consumers to try to protect their favored tax breaks.
Stephen Waguespack, president of the Louisiana Association of Business and Industry, said the business economy was fragile and the tax changes under consideration could harm companies.
Despite the business concerns, the committee without objection boosted the bill's hit to business and then passed it to the full Senate for consideration.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Southern Jaguars return to Mumford Stadium for only home game of the...
Mary Bird Perkins employee raises $50k in fight against cancer after running...
Louisiana Marathon returns to downtown Baton Rouge
Les Miles placed on leave
LSU making decisions to better handle sexual abuse allegations
East Iberville overcomes 14 point deficit to claim 1A State Title
LSU radio crew calls road games from home
Southeastern caps off historic weekend with sweep of Mississippi Valley
Central's Ethaniel Rizan big on size and heart
Baton Rouge CC gets huge win over Louisiana Community Christian