State treasurer proposes eliminating Louisianas personal income tax [Video]

LOUISIANA (KLFY) — The man in charge of Louisiana’s finances wants residents to pay less in taxes.

Louisiana State Treasurer John Fleming is pushing for the state to get rid of state personal income tax entirely.

He said ditching the state’s personal income tax will make Louisiana more competitive. States around the Pelican state have already done it.

“Big companies are leaving California and New York and they’re coming to the south. But they’re going to states like Texas, Tennessee, and Florida, and they’re not coming to Louisiana,” Fleming said.

Annual Second Amendment tax-free holiday is this weekend

He said a big reason for that is because these states don’t have personal income tax.

“Many people are getting educated in Louisiana after growing up, but they leave for job opportunities elsewhere,” he added.

Fleming said Louisiana is the only state in the south that is losing population. To bring people back, he said lawmakers need to modernize the economy.

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