Tax Cuts For The Rich
A Shreveport State Senator wants to cut the state income tax, from 6% to 4%. This would trim taxes for those who make more than $50,000 dollars a year.
LSU economics professor Jim Richardson says this could cost the state $250 million dollars.
Shreveport Senator Barrow Peacock, has pre-filed the bill. It would also trim taxes for couples making over $100,000 dollars. Peacock thinks the change would generate more business. But Richardson says it’s a big gamble.