Gov. Landry, Sec. Nelson, Rep. Emerson, despite media reports to the contrary, just showered lower-income Louisiana residents with a massive tax cut, and we authoritatively demonstrate that fact on the video for this feature.

Louisiana State Sen. Blake Miguez, during Senate consideration  of Gov. Landry’s tax reform package on Friday, November 22, 2024, makes absolutely certain that, in the finalized tax reform package, none of the original 40+ activities outlined at the outset of the tax reform package would entail folk who have never had to collect sales taxes suddenly having to do so.

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ADDENDUM (11/29/24 @ 5:28 p.m.).

Regrettably the computations in this feature are erroneous.  Please refer to this mea culpa feature for much more accurate computations.

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In today’s Sound Off Louisiana feature, founder Robert Burns demonstrates that, notwithstanding mainstream media coverage (along with coverage by other platforms), Louisiana Gov. Jeff Landry’s tax reform package entailed massive tax relief for lower-income Louisiana citizens and was most certainly not reform tilted exclusively to higher-income Louisiana residents.  Here’s the video authoritatively demonstrating that fact:

 11/24/24:  Video demonstrating exactly how Gov. Landry’s tax reform package is a huge win for lower-income Louisiana taxpayers.

As mentioned on the video (and as seen in text displays on the video), here are the computations demonstrating the tax savings for a single taxpayer with $35,000 in income in Louisiana:

1.  Tax savings from elimination of lowest income tax bracket:  $12,500 x 0.0185 = $231.25.

2.  Tax savings from increasing Standard Deduction from $4,500 to $12,000:  $8,000 x 0.035 = $280.

3.  Combined tax savings:  $231.25 + $280 = $511.25.

4.  Amount of spending taxpayer would have to do in paying added sales taxes for the income tax savings to be wiped out:  $511.25 / 0.0055 = $92,954.55.

Obviously, common sense dictates that someone making $35,000 a year cannot spend $92,954.55 and, as Burns stated, what makes the whole plan work is taught in college economics classes, and what that entails is the velocity of money.

As indicated in the video above, if anyone is so inclined, our camera is readily available for anyone who may wish to refute Burns’ assessment of Landry et. al.’s tax package, but just be prepared to demonstrate via numbers as Burns did and not do as so many media outlets did during the duration of coverage of Landry’s plan and present nothing more than emotion or, in at least a couple of reports we saw, nothing short of made up numbers!

Lastly, as demonstrated in the video above, Sen. Blake Miguez sought to make absolutely certain that everyone (most especially folk in his Senate District) is aware that none (zero, zilch, nada) of the 40+ activities specified in HB-9 are in the current legislation which just passed that would have required folk who’ve never had to collect sales taxes in the past to commence doing so.  Here’s that video (which is also incorporated into the video above):

11/22/24:  Sen. Migeuz goes out of his way to make sure folk back home in his Senate District know that none of the activities originally listed in HB-9 (40+ activities originally) are in the final package passed and thus nobody who wasn’t already collecting sales taxes would have to start doing so.

Finally, as indicated in the initial video above, here is our updated table of Gov. Landry et. al..’s tax package (Note:  HB-9 is now gone, and the original HB-1 was fully merged into HB-10):