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Louisiana has long been known for a tax structure described by many in the business community as a convoluted mess and punitive. The ITEP incentive was designed to offset the challenges of our anti-business tax code. But when Edwards gutted it four years ago, he made Louisiana a lot less attractive for investment.
“Now every parish in Louisiana can come up with their own methods because they don’t know how to administer this,” said Charles Kelley of Cornerstone Chemical in Waggaman. “For years, we’ve had a very predictable and stable process that was competitive with nearby states. Today, it is definitely less competitive. We’re losing out on some opportunities here.”
Read more: Dan Fagan: John Bel Edwards' war on industry has cost us 14,000 jobs. So far.
