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Started By
Message
re: Why Louisiana Stays Poor
Posted on 1/2/24 at 1:41 pm to BigAppleTiger
Posted on 1/2/24 at 1:41 pm to BigAppleTiger
quote:
If you just take the truth of what they're saying
If this is the video I’m thinking of I’m not sure there’s a shred of truth anywhere in the 15 minutes.
0
Posted on 1/2/24 at 1:44 pm to BigAppleTiger
I assume you are for ITEP replacement or refinement. I'm not totally against it.
Let's take the property tax part though...if you are going to take the ITEP property tax exemption away you need to take away the Homestead Exemption as well. People don't want to talk about that though.
ETA If you do this be prepared to lose a lot of business to Texas...I can guarantee you Exxon Mobil would shut down that BR facility and move it to somewhere it Texas with the quickness.
ETA2 Also the embellishment in that video is egregious.
Let's take the property tax part though...if you are going to take the ITEP property tax exemption away you need to take away the Homestead Exemption as well. People don't want to talk about that though.
ETA If you do this be prepared to lose a lot of business to Texas...I can guarantee you Exxon Mobil would shut down that BR facility and move it to somewhere it Texas with the quickness.
ETA2 Also the embellishment in that video is egregious.
This post was edited on 1/2/24 at 1:47 pm
Posted on 1/2/24 at 1:57 pm to LSU316
quote:
2 Also the embellishment in that video is egregious.
It oversimplifies and overstates I agree, but it also makes valid points that any thinking administrator should consider.
Business as usual is not working. Combining that with the constitutional handcuffs of spending cuts relegated to DHS and Education is a gumbo of inured poverty.
I agree it's not that simple but someone has to break the cycle of repetitive failure of administration.
Posted on 1/2/24 at 1:57 pm to BigAppleTiger
Is this a video where a Liberal White Woman tells us why?
Posted on 1/2/24 at 2:00 pm to BigAppleTiger
quote:
someone has to break the cycle of repetitive failure of administration.
I think there are plenty of other areas to start other than ITEP...if you don't reform ITEP the right way then you are putting the final nail in the coffin of this state. Whether they want to admit it or not ITEP has single handedly kept LA in the middle of the pack in unemployment rate and job growth.
Posted on 1/2/24 at 2:07 pm to John Coctostan
quote:That’s about what it boils down to. People here care far more about drinking and partying than advancing their career and bettering themselves. Just how it is, always been and will be.
Louisiana is not populated by many serious, driven people who value hard work.
Posted on 1/2/24 at 2:11 pm to BigAppleTiger
Posted on 1/2/24 at 2:27 pm to LSU316
Just from this past July...
LINK
It needs to be reformed, scaled back, or at least given a graduating and enforceable requirement for jobs and payroll. Giving away free drinks is a way to attract customers to the bar, but the ones that pay the bills will eventually get tired of it when they find out about it. I doubt the average citizen is even aware of ITEP or its scale. The people are too poor to be the supporting customers in this state. Fair is a man made concept, but a valid one when it takes multi-lateral cooperation to make a business. Change or continue the same way, the eternal answer to the question of "what should we do?"
quote:
Venture Global Calcasieu Pass will get the overwhelming lion’s share of those tax breaks — an estimated $184.6 million — for just the first year of its contract under the state’s lucrative Industrial Tax Exemption Program (ITEP).
Venture Global applied for ITEP consideration for the liquefied natural gas (LNG) export terminal it is building in Cameron Parish. The board approved its tax exemption without much discussion, though member Sen. Bret Allain, R-Franklin, pointed out Venture Global will also receive supplemental tax credits for the same project via the state’s Quality Jobs program, which gives rebates for portions of a business’ payroll or project facility costs.
ITEP gives large manufacturers exemptions on their property taxes, a primary source of revenue for local governments to pay for public schools, law enforcement, roads and other community services.
Because Venture Global filed its ITEP application in 2015, it avoided changes Gov. John Bel Edwards made to the program through an executive order after he took office in 2016. He limited the local property tax exemption to 80% of a company’s tax bill and required companies to create or retain jobs in exchange for the tax breaks. Most significantly, Edwards gave local governments the authority to approve or deny ITEP applications.
Venture Global plans to create 240 jobs at the facility with a collective payroll of $35.2 million.
A company representative told the board construction of the facility is nearly complete, though he did not elaborate. The terminal began commissioning LNG shipments last year but still hasn’t yet begun commercial operations. Commissioning is a step in which the company tests its operations and infrastructure to ensure the facility meets regulatory standards.
Venture Global reported problems with some of its systems in March and said it would require “extensive repairs and replacements,” according to a report in the industry journal LNG Prime.
It hasn’t stopped the company from making money. Its commissioning shipments have netted over $10 billion in profits, according to a S&P Global report.
LINK
It needs to be reformed, scaled back, or at least given a graduating and enforceable requirement for jobs and payroll. Giving away free drinks is a way to attract customers to the bar, but the ones that pay the bills will eventually get tired of it when they find out about it. I doubt the average citizen is even aware of ITEP or its scale. The people are too poor to be the supporting customers in this state. Fair is a man made concept, but a valid one when it takes multi-lateral cooperation to make a business. Change or continue the same way, the eternal answer to the question of "what should we do?"
Posted on 1/2/24 at 2:28 pm to GreenRockTiger
quote:... and?
no one I voted for is in office
Posted on 1/2/24 at 2:29 pm to MorbidTheClown
So the Republican governors for how many years before JBE and the Republican controlled legislature for how long has just been so successful? 
How does a Republican walk in Louisiana?
With a Black, Female, Democratic Crutch it seems like.
How does a Republican walk in Louisiana?
With a Black, Female, Democratic Crutch it seems like.
This post was edited on 1/2/24 at 2:32 pm
Posted on 1/2/24 at 2:32 pm to BigAppleTiger
quote:
I doubt the average citizen is even aware of ITEP or its scale.
You think the 3-4k people in Cameron Parish are upset that they're getting amazing job opportunities at the cost of, effectively, nothing?
quote:
The people are too poor to be the supporting customers in this state.
How are Cameron citizens the "paying customers" in that LNG export terminal?
Say there is no incentive and the terminal never comes as a result, are they better or worse off?
Posted on 1/2/24 at 2:33 pm to BigAppleTiger
quote:
So the Republican governors for how many years before JBE and the Republican controlled legislature for how long has just been so successful?
guess you missed my first reply?
Posted on 1/2/24 at 2:34 pm to BigAppleTiger
Are we supposed to pretend that if we magically changed history to have never granted so much ITEP exemptions, that all of those business would still be here just happily paying more taxes? That they wouldn’t have put their businesses anywhere else? Property taxes are but one consideration a company would evaluate in choosing where to invest.
Posted on 1/2/24 at 2:35 pm to GreatLakesTiger24
quote:those in leadership positions are not a reflection of me, my family, and the majority of the people I know.
and?
Posted on 1/2/24 at 2:35 pm to MorbidTheClown
quote:
guess you missed my first reply?
Your pictures seem to narrow down your first generic reply didn't they.
Posted on 1/2/24 at 2:37 pm to BigAppleTiger
quote:
Your pictures seem to narrow down your first generic reply didn't they.
just the latest in a long line of failed leadership.
Posted on 1/2/24 at 2:37 pm to red sox fan 13
quote:
That’s about what it boils down to. People here care far more about drinking and partying than advancing their career and bettering themselves. Just how it is, always been and will be.
Its a highly populist state that wants big gov.
The ghost of Huey Long still haunts Louisiana.
Posted on 1/2/24 at 2:38 pm to JasonDBlaha
quote:
It’s a state where the majority of the population values sports and welfare more than building careers
Majority of Alabama values sports and yet the state is still doing well economically.
It’s the people. The government enables and incentivizes people to not work.
Posted on 1/2/24 at 2:39 pm to JasonDBlaha
quote:bc the more ppl on welfare - the more money the state gets - the more politicians can help themselves and their friends
welfare
Posted on 1/2/24 at 2:40 pm to SlowFlowPro
quote:
Say there is no incentive and the terminal never comes as a result, are they better or worse off?
Why would you say no incentive? Who said no incentive? There is a lot of space between no incentive and a better deal for the state than is being offered now.
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