Support the Louisiana Tax Simplification Package

This package is the first step towards simplifying our tax code to make Louisiana more competitive with our neighboring states. In exchange for lower income tax rates on citizens and businesses, the plan removes the federal income tax deduction and caps income tax rates in the Constitution. The removal of the federal income tax deduction provides stability for citizens and state government alike, eliminating wild swings caused by federal tax changes. In addition to the income tax brackets changes, the plan would begin the elimination and phase out of the corporate franchise tax. Finally, to ensure that this plan doesn’t inflate the state’s coffers, revenue triggers will automatically lower our rates to keep this plan revenue neutral in coming years while spurring continued economic growth.