tax bill

Louisiana Republicans celebrated the passage of the “One Big Beautiful Bill,” which President Donald Trump signed into law Friday, lauding it as a major boost to the economy, though Democrats warned it could have dire consequences.

House Republicans have propelled President Donald Trump’s $4.5 trillion tax breaks and spending cuts bill to final congressional passage.

A resolution setting up terms for debating President Donald Trump’s tax breaks and spending cuts bill in the House has barely cleared the Rules Committee, a warning sign of some House Republican resistance.

Republican Gov. Jeff Landry got the Louisiana Legislature to back his bet of lowering individual and corporate income taxes to stimulate growth in the state.

The special session on tax reform is expected to wrap up Friday after lengthy negotiations over the last two weeks.

The goal of the session is to lower personal and corporate income tax rates and make Louisiana a more attractive place to live and do business. But the decrease in revenue for the state budget means sales taxes on more goods and services must be implemented and or raised.

If President-elect Donald Trump makes good on his campaign promise of no tax on tips, Louisiana lawmakers currently considering sweeping tax reform might have to go back to the drawing board.

Lawmakers adjourned early Monday after they failed to reach a consensus on what should be taxed, as Gov. Jeff Landry attempts to overhaul the state’s tax code.

‘Hollywood South’ faces uncertain future under proposed tax revamp.

Gov. Jeff Landry is receiving some pushback during his special session on tax reform.