State Representative Emily Chenevert discussed the potential for a tax reform session in Louisiana. Chenevert emphasized the importance of comprehensive tax reform to make the state more competitive and attractive for businesses. She highlighted the need to lower personal income taxes and simplify corporate tax structures to align with neighboring states.
Chenevert acknowledged the challenges of balancing tax cuts with maintaining state revenue. She pointed out that while some constituents favor eliminating personal income tax, a more feasible approach might be to lower it to a flat rate. She also discussed the complexities of property taxes, noting that states like Texas, which have no personal income tax, compensate with higher property taxes. Chenevert suggested that Louisiana needs to find a balance that makes the state appealing to businesses without overly burdening residents.
She stressed the necessity of significant tax reforms rather than minor adjustments, noting that such changes would require difficult decisions and potentially unpopular votes. Chenevert argued that full-scale reform is essential to bring Louisiana in line with its neighbors and attract businesses.
Regarding the state’s budget, Chenevert noted that spending has increased significantly, especially since COVID-19. She suggested that state agencies need to identify and eliminate unnecessary expenditures. Chenevert proposed undedicating some funds and considering constitutional amendments to allow more flexibility in budget allocations, aiming to avoid major cuts to essential services like higher education and healthcare.
Chenevert also discussed the timing of the special session, emphasizing the importance of completing it by Thanksgiving to allow for constitutional amendments to be placed on the ballot in the spring. This timing would enable the state to implement necessary changes and address budget issues more effectively.
Overall, Chenevert’s interview highlighted the critical need for comprehensive tax reform in Louisiana and the challenges involved in achieving it.