Louisiana lawmakers are still considering taxing multiple types of personal services to make up for the losses the state would accrue if it goes forward with lowering the personal income tax rate to a flat three percent. An advocate for Louisiana’s small businesses says this could lead to disaster.
Leah Long, the Louisiana and Mississippi state director for the National Federation of Independent Business, says Governor Jeff Landry’s plan to tax certain personal services will do more harm than good to business in Louisiana. In fact, she told WWL’s Tommy Tucker the costs of those added taxes could sink some mom-and-pop establishments.
“That list still hits the smallest of the small businesses,” Long said. “Those people don’t really have the capital or maybe the extra income to invest in tax compliance. That’s one thing we’re concerned about because these small businesses are already struggling in an already inflated economy.”
Long …