NFIB Response to Gov. Landry’s News Conference on Fiscal Responsibility

NFIB State Director Leah Long released the following statement today in response to Gov. Jeff Landry’s news conference on the need for fiscal responsibility in state government:

“Small business owners understand the need to live within their means and stick to a budget, and they appreciate Governor Landry’s commitment to running state government the same way. We appreciate the work the governor has done to make Louisiana more fiscally responsible, and we look forward to working with him and legislative leaders this spring on a plan to reduce or, ideally, eliminate Louisiana’s personal income tax.”

Long said small businesses in Louisiana are organized as pass-through entities, meaning the revenue passes through the business to the owner, who pays taxes at the individual rate.

“Reducing or eliminating the income tax would help offset the rising cost of doing business and help small businesses thrive, create jobs, and support their communities,” she said.