Task Force looks into state’s sales tax system for solutions

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XGR-Lower-Taxes-and-Eliminate-Exemptions
LSU economics professor Jim Richardson, chairman of the Task Force on Structural Changes in the Budget and Tax Policy, listens to a presentation Friday that indicates the poor would be better off without tax exemptions if the sales tax rate were lower. Photo by Jack Richards.

By Jack Richards

BATON ROUGE — The group given the responsibility of developing long-term budget and tax solutions to the state’s fiscal woes took up the state’s messy sales tax system Friday, struggling to figure out which economic demographic bears the heaviest burden.

It turns out Louisiana’s current sales tax system may not be as regressive as traditionally thought and the state’s efforts to level the playing field may hurt the lowest income bracket more than helping it.

Read the story in The News Star

Published by manshipxgr