- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
JBE's stupid CAT Tax is dead
Posted on 4/25/17 at 3:02 pm
Posted on 4/25/17 at 3:02 pm
Dies in committee
JBE is a goddamn moron for putting forth a tax that not even democrats could support. It didn't matter how much he lowered the amount of money businesses would have to pay on it. Why in the hell does he want to kick the engine of our economy in oil and gas when its down?
Only several states have implemented the CAT and a few of them have already repealed it after it killed too many jobs and kept capital and investments out of state.
JBE is a goddamn moron for putting forth a tax that not even democrats could support. It didn't matter how much he lowered the amount of money businesses would have to pay on it. Why in the hell does he want to kick the engine of our economy in oil and gas when its down?
Only several states have implemented the CAT and a few of them have already repealed it after it killed too many jobs and kept capital and investments out of state.
12
Posted on 4/25/17 at 3:04 pm to Sentrius
quote:
JBE is a goddamn moron
Posted on 4/25/17 at 3:04 pm to Sentrius
The legislature will end up just extending the sales tax increase that they passed last year.
Posted on 4/25/17 at 3:05 pm to Sentrius
quote:
JBE is a goddamn moron
Posted on 4/25/17 at 3:21 pm to Sentrius
:bow: JBE lives to grow government.
He lies in bed thinking of ways to protect government and raise taxes.
Posted on 4/25/17 at 3:25 pm to Sentrius
quote:
and a few of them have already repealed it after it killed too many jobs and kept capital and investments out of state
it didn't keep Exxon from tossing that $10B project to Texas instead of LA
JS
Posted on 4/25/17 at 3:26 pm to LSURussian
i'm thinking they'll do that sometime next February or something in special session, it's not quite the last second yet so they won't do anything but grandstand about wanting to cut spending
Posted on 4/25/17 at 3:28 pm to Sentrius
quote:
The commercial activity tax was essentially a gross receipts tax on the sales of goods and services. It would act like a sales tax except the seller, not the buyer, would pay it. It also was to apply to many more transactions than the sales tax.
Wait, so they wanted to tax the consumer (with the highest sales tax in the country) as well as the seller on every transaction?
Posted on 4/25/17 at 3:30 pm to 90proofprofessional
quote:
it didn't keep Exxon from tossing that $10B project to Texas instead of LA
Texas is about to repeal their CAT soon this year.
Economy and shite is really going to boom from there on out.
Posted on 4/25/17 at 3:37 pm to Sentrius
quote:
Texas is about to repeal their CAT soon this year.
i bet they're not, regardless of what business groups have been putting op-eds out about
Posted on 4/25/17 at 3:43 pm to Sentrius
quote:
The linchpin of Gov. John Bel Edwards' plan to overhaul Louisiana's tax system died in a state House committee Tuesday (April 25). Edwards couldn't muster enough votes for his commercial activity tax, contained in House Bill 628, even after significantly lowering the amount of money businesses would have to pay.
It was an interesting idea, but JBE botched it.
Posted on 4/25/17 at 4:31 pm to Sentrius
So do you think that Mr. Honor Code and the candied assed morons of the legislature would have the cajones to call a Constitutional Convention?
Because that is what it will take to start solving a structural problem like the LA budget and how we fund things that we as voters consider important
Because that is what it will take to start solving a structural problem like the LA budget and how we fund things that we as voters consider important
Posted on 4/25/17 at 4:35 pm to KiwiHead
quote:
So do you think that Mr. Honor Code and the candied assed morons of the legislature would have the cajones to call a Constitutional Convention?
No.
quote:
Because that is what it will take to start solving a structural problem like the LA budget and how we fund things that we as voters consider important
Sure I want a constitutional convention to get rid of all the protected spending but in no fricking way do I want a tax and spend liberal as Governor of this broke and poor as shite state during the aforementioned convention.
I will support the convention when a responsible and determined pro business fiscal conservative is Governor.
Posted on 4/25/17 at 4:38 pm to Sentrius
quote:
Economy and shite is really going to boom from there on out.
I'm against the CAT for Louisiana,but the CAT has not stopped Texas from booming big time.
It has not been the tax structure by itself that has hurt Louisiana, it is the state's over reliance on the oil and gas industry to provide jobs and a tax base. Also the numerous constitutional amendments that we vote on ever election that most of us don't read nor do we understand that dam up the money and automatically allocate it to certain things that can't be cut
Texas has an economy that is diverse and creative and progressive(not in a political sense). Louisiana can't even spell the word
Posted on 4/25/17 at 4:43 pm to KiwiHead
quote:
the CAT has not stopped Texas from booming big time.
Right.
Economy boom is going to be even bigger in Texas when the CAT is gone.
quote:
it is the state's over reliance on the oil and gas industry to provide jobs and a tax base.
Sure.
Doesn't mean we should do any fricking thing at all to hurt it no matter what.
It's literally all we have right now and JBE is determined to put as much hurt on them as he can.
quote:
Also the numerous constitutional amendments that we vote on ever election that most of us don't read nor do we understand that dam up the money and automatically allocate it to certain things that can't be cut
Constitutional amendments need to be passed through a very high threshold in the statehouse or like a convention of parishes.
Model the amendment process after the feds and you will see that bullshite stopped.
quote:
Texas has an economy that is diverse and creative and progressive(not in a political sense). Louisiana can't even spell the word
Yep.
This post was edited on 4/25/17 at 4:44 pm
Posted on 4/25/17 at 4:45 pm to CoachChappy
quote:
JBE is a goddamn moron
Posted on 4/25/17 at 8:32 pm to KiwiHead
quote:
o do you think that Mr. Honor Code and the candied assed morons of the legislature would have the cajones to call a Constitutional Convention?
Because that is what it will take to start solving a structural problem like the LA budget and how we fund things that we as voters consider important
Why would anyone want a constitutional convention? Our "honor code" governor and the rest of our leaders would f**k it up even more.
Posted on 4/25/17 at 11:19 pm to Sentrius
A few things...
1) I have difficulty calling the TX Margin Tax a CAT. You get to deduct comp or COGS or a flat 30 percent haircut, and business less than a mil of revenue don't pay a dime. Also, business that owe less than $1,000 don't pay a dime. The only reason TX has that tax is because of the prohibition against income taxes.
2) JBE tried to do two things with his CAT. He wanted to spread the burden (which is fine) but also increase revenue. That doesn't work.
3) I can support a CAT for one simple reason: Every business uses government resources. Whether or not they show a taxable profit (which is often very different, as know, from an economic profit) doesn't change the fact that every business uses government services. Business do pay SOME taxation (property taxes on personal property and real property, all of which goes to local government), sales taxes on non-resold items (which gets split between local and state), and annual filing fees. But a min tax of say $100 a year would make some sense.
4) Now, what is the house gonna do? Time for them to put up or shut up. they are on the clock.
1) I have difficulty calling the TX Margin Tax a CAT. You get to deduct comp or COGS or a flat 30 percent haircut, and business less than a mil of revenue don't pay a dime. Also, business that owe less than $1,000 don't pay a dime. The only reason TX has that tax is because of the prohibition against income taxes.
2) JBE tried to do two things with his CAT. He wanted to spread the burden (which is fine) but also increase revenue. That doesn't work.
3) I can support a CAT for one simple reason: Every business uses government resources. Whether or not they show a taxable profit (which is often very different, as know, from an economic profit) doesn't change the fact that every business uses government services. Business do pay SOME taxation (property taxes on personal property and real property, all of which goes to local government), sales taxes on non-resold items (which gets split between local and state), and annual filing fees. But a min tax of say $100 a year would make some sense.
4) Now, what is the house gonna do? Time for them to put up or shut up. they are on the clock.
Posted on 4/26/17 at 6:17 am to LSUFanHouston
JBE fully knew the CAT would never get out of committee, but he has so many tax increases being proposed right now he is hoping a few get through under the radar.
The gas tax is a fair increase in theory, but I have zero confidence the money would actually make it to road improvements.
The services tax is a huge deal that would tax services provided that aren't typically taxes. For example, plant maintenance services, lawn care services, hair stylist ( trial lawyers are exempt. ) This would be another great promotion to move business to Texas.
Simply put, our Govenor is a colossal jackass who isn't even trying to hide is liberal colors.
The gas tax is a fair increase in theory, but I have zero confidence the money would actually make it to road improvements.
The services tax is a huge deal that would tax services provided that aren't typically taxes. For example, plant maintenance services, lawn care services, hair stylist ( trial lawyers are exempt. ) This would be another great promotion to move business to Texas.
Simply put, our Govenor is a colossal jackass who isn't even trying to hide is liberal colors.
Posted on 4/26/17 at 7:08 am to Sentrius
quote:
JBE is a goddamn moron
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News