Components of Governor Landry’s massive tax reform plan continue to receive approval from the House Ways and Means Committee. The panel has approved legislation to lower the corporate income tax businesses have to pay from 7.5 percent to 3.5 percent. Economic Development Secretary Susan Bourgeois says this will help bring more jobs to the state…
To make up for the loss revenue, the legislation calls for the elimination of the film tax credit program. Jason Waggenspack of Film Louisiana argued against cutting the tax credit, highlighting that the program contributes around one-billion dollars in annual sales and 360-million dollars in local payroll.
Cut 8 (12) “…state of Louisiana.”
Governor Landry is reportedly being considered for attorney general in Donald Trump’s administration. Political analyst Bernie Pinsonat says Landry has a great relationship with the former president and president-elect.
In July, Landry expressed reluctance about leaving his post early, but Trump’s recent win could shift his stance.
For LSU, dreams of the College Football Playoff are over. For the second game in a row, LSU could not stop a running quarterback as Alabama pounded the Tigers, 42-13. After the game, Coach Brian Kelly said what he thought would be an exciting evening turned out to be a disappointing evening.