Kentucky
Louisiana - Eliminate the state income tax for college educated 18-29 year olds.
Support Oppose
80% Users Support Policy
{ 4 IN FAVOR / 1 OPPOSED } Track Share

Policy Process

Introduced
SENATE PASSED
HOUSE PASSED
SIGNED BY GOVERNOR

1/22/2009
---
---
---

Policy Becomes Law


  • Policy Overview
  • I want to work to reverse the brain drain in Louisiana.  Making it more appealing for a college educated and talented workforce to remain in the State is a step in the right direction.
  • Summary/Fact Sheet Title
  • No summary detail available
  • View Full Policy
  • I want to work to reverse the brain drain in Louisiana. Making it more appealing for a college educated and talented workforce to remain in the State is a step in the right direction.

  • View History
  • No history detail available
  • View Analysis
  • No analysis detail available
  • View Calendar
  • No calendar detail available

Users tracking this policy are also tracking:

Policies

Categories

Users/Politicians


  • No Categories Available


Comments

Pointer

What a great idea...we need to reverse this brain drain that has plagued our state!

04/16/2009 9:23 AM

Pointer

Reducing individual income tax is always a good idea. However, if there are no business for them to work for, then it will have little effect. Recucing the taxes and fees and red tape for businesses would be a better idea.

04/16/2009 11:07 AM

Pointer

This is a terrible idea. As a business manager in Louisiana, I would point out that businesses, not students, hire workers, and Louisiana colleges are full of students with no Louisiana opportunities. An unemployed college graduate already pays zero taxes in Louisiana. Two things are necessary for low taxes. First they should be broad-based as Reagan demonstrated, and, most importantly, government spending must be low. Preventing brain drain requires opportunities, and those are only available when businesses are hiring. They key to eliminating brain drain is to improve Louisiana business conditions.

04/16/2009 12:44 PM

Pointer

I am as liberal of a Democrat as you can find in the state of Louisiana. I am usually opposed to tax cut schemes. But I think your proposal is a great idea.

I would like you to consider eliminating all income taxes for all young people, not just college students.

Young people between the ages of 18-24 live in the highest level of poverty of any age group in the US (24%). Your bill could help address that problem. I think you are on the right track here.

I say this as a person who has NEVER voted Republican in my life.

04/16/2009 2:37 PM

Pointer

This is dumber than a box of rocks. You cannot exclude one group over another. I have busted my can in this corrupt stupid A state and if anyone should get to be tax exempt, do yourself and everyone a great favor, eliminate state income tax. People from elsewhere do not want to locate and do business here because of Louisiana politics and taxes, taxes, taxes,taxes, get the drift.

04/16/2009 9:41 PM

Pointer

I think this is a great thing to do.It would really help our young people in this state.They are our future.

04/16/2009 10:18 PM

Pointer

I am a 35 year old professional engineer who has stayed through the brain drain. I now own my own business in New Orleans. Now your going to go and give a break to everyone who comes after me, and I still have to pay. I say no. The income tax should be abolished completely. If not, at least you should not discriminate by age or education. Why punish those who stayed. I can still move my business to Texas along with 10 other young professionals. We are licensed to practice in several states.

04/16/2009 10:18 PM

Pointer

I am a 35 year old professional engineer who has stayed through the brain drain. I now own my own business in New Orleans. Now your going to go and give a break to everyone who comes after me, and I still have to pay. I say no. The income tax should be abolished completely. If not, at least you should not discriminate by age or education. Why punish those who stayed. I can still move my business to Texas along with 10 other young professionals. We are licensed to practice in several states.

04/16/2009 10:19 PM

Pointer

If you take all the money that people pay on taxes in this state and make sure it goes where it belongs, you would be surprise what we could do in La. We could cut taxes for everyone.That would be great for the economey.

04/16/2009 11:11 PM

Pointer

Work hard,Study,and focus.Pay your own way,Thats what I was brought up to believe.

04/16/2009 11:17 PM

Pointer

Young people do not stay here because there are no jobs and with no jobs there is no future,So we leave.Taxes or no taxes.We need to know that we will have a future here.Companys are closing and going elswhere,we are following.Cutting funding in education is also forceing us to make changes in our life and leave.So we go and live in other places.

04/16/2009 11:46 PM

Pointer

Tell them to stop cutting funding to colleges in this state. That would help us.

04/16/2009 11:54 PM

Pointer

Though there are clearly some important details to be worked out, this proposal (and the dialogue on this site) represent a huge step in the right direction.

Nearly half of the comments posted here begin with, "I am ..." and a description of how the bill would adversely effect an individual within a certain demographic. The idea is not to unjustly make life better for a small segment of the population via a tax break; the idea is that retaining bright 18-29 years olds will create a more vibrant economy, which benefits everyone. When Jim Clark left Tulane and UNO to found Netscape in another state, when Walter Isaacson left New Orleans to run TIME magazine, CNN and Teach for America in another state, and when Michael Lewis left New Orleans to be an investment banker and best-selling author IN ANOTHER STATE, each fell squarely into this demographic. Had their talents and work products been retained in New Orleans, certainly everyone would have benefited.

04/17/2009 11:57 AM

Pointer

Do you want some ideas on taxes? Stop taxing period,we are being taxed out of existence as homeowners and consumers. You have no clue, do you? Why don't you do what Texas has done, eliminate income taxes and allow state taxes to be deducted on federal income taxes. Taxes, taxes and taxes on the local, state and federal levels. Louisiana taxes it's citizens and wants more. Less government and less taxes is what I say. Why don't you and your buddies get together to support a bill which would stop taxing social security, there is one bill which will be introduced on the state level in the next legislative session and there is a bill by a U.S. Senator which would stopping taxing social security, period. Do you know we are currently paying our own social security? Why don't you help to eliminate the taxes that the self-employed are paying? Why don't you eliminate taxes for those over 65 while you are at it, for seniors living on a fixed income? Why don't you introduce legislation which would eliminate taxes on veterans who are over 65 or eliminate taxes period for those over 65 and for veterans (call it the Veteran's Tax Relief Act, for those veterans who have served our country honorably? This would help. Louisiana people are taxed and taxed and taxed, it has to stop and it has to stop on the national level, also. We are tired of taxes because we are being taxed into bankruptcy and out of our homes. A simple and fair tax on the local level, state level and federal level is what we need. We also need transparency, we need to know where our tax dollars are going. Brain drain doesn't come because of taxes, well, duh! Save the jobs we do have, save our energy jobs. Also, you might want to call a constitutional convention to get rid of our archaic tax code which no one can understand, it's worse than the U.S. Tax code, and lord help those of us who are trying to understand the Uniform Commercial Code, which is replacing in some ways statutory law. Lord help us all, if the politicians who are supposed to be leaders don't understand the tax system is out of hand.

04/17/2009 2:20 PM

Pointer

I would like to suggest that Louisiana legislators call a constitutional convention to fix our archaic Louisiana State Constitution. Reading the constitution is really a chore, it tells legislators when they can or can't introduce legislation regarding taxation or other issues, this is ridiculous, to tell them that they can pass legislation in odd years but not even years. I don't understand this. There are many areas of the law which could be codified and many areas which just don't apply anymore and many areas of the law which are just too vague. I also would like to see Louisiana scrap the Uniform Commercial Code, this is so complicated and I think it is replacing statutory law which our own state legislators are supposed to create. The UCC takes away from legislators ability to pass statutory law regarding say contracts because there will be a uniform law which will apply to all contracts in all states the same way. This is just one example.
If Texas has made changes with regard to state income tax and state taxes so can Louisiana. It is also time to stop passing the buck. Recently when talking to a U.S. congressional member he was quick to pass the buck to the current administration on the tax issue. This can't be anymore, we need accountability and responsibility. It's time to change the way Americans are taxed at all levels. It's up to our legislators and congressional members to stand up for "We the People." It is time to stand up and against ridiculous forms of taxation.

04/17/2009 2:42 PM

Pointer

This is a fantastic idea for retaining young people in LA! Miles Clements, you hit the nail on the head. If this bill were in place back then, maybe we would have had a shot at keeping those people here (and their companies).

Mr. Hines, I would love to hear your thoughts on some of these comments and ideas. Do you have an economic impact statement? Where does the money get cut from? How much do 18-29 contribute in taxes anyway?

04/20/2009 8:54 AM

Pointer

I want to thank everyone for your input regarding my proposed legislation. We will have a difficult fight to convince my colleagues that this bill merits careful consideration. With an increasing budget deficit, and dozens of new and existing tax credit proposals currently authored for the upcoming Fiscal Session, it'll be very difficult to encourage my colleagues to support eliminating the state income tax for young professionals.

Many of the questions raised by you have dealt with how I would make up for the loss of revenue. Well as is the case with any tax credit, you either have to cut government services, dedicate funds from an existing revenue stream and/or pass a new tax that's dedicated to replacing the loss of revenue of a tax credit.

In this case, I've proposed moving some of the economic development slush funds, currently estimated to be $416 million, back to the general fund. The economic development slush funds are designed for corporate welfare. The fund was initially created by the Legislature at the request of the Blanco administration to recruit the German steel plant, ThyssenKrupp to move to Louisiana. The company ended up choosing Alabama over Louisiana. Furthermore, we added another $100 million+ to the economic development megafund from the surplus last year.

Retaining and recruiting college educated students to Louisiana IS economic development. In fact, I think it's the best investment we can make in our State. What kind of investment are we making in our public and private universities, when the majority of the students leave Louisiana upon graduation? The logic is simple and clear.

I am confident that with your help (I need as many of you as possible to show up in committee, testify in support of this bill, and e-mail and call your legislators) we can convince other legislators and Governor Jindal that the elimination of the state income tax for 18-29 year olds enrolled in college in Louisiana or with a college degree from an accredited university, will reverse the brain drain and create a new wave of educated, young professionals living in Louisiana. If Louisiana has a qualified workforce searching for jobs, business will come.

Thank you again for all of your comments. I read everything and although I won't be able to post as much as you may like (we begin session Monday, April 27), I will continue to read your comments. I value your insight.

Walker Hines

State Representative - District 95 - New Orleans
HinesW@legis.state.la.us
504-756-4675

04/20/2009 4:29 PM

Pointer

Mr. Hines, I like your plan to pay for it and admire your dedication. But what is the chance that this passes, particularly in light of the fact that we are facing a major budget deficit? Aren't all the proposed tax cuts going to attempt to fund from the economic development slush fund?

04/23/2009 10:21 AM

Pointer

Walker:

I recently graduated from LSU with a BS in Marketing. I have a great resume, including two internships, but I cannot find a job in the New Orleans metro area. I am considering moving back to Baton Rouge but am having trouble finding jobs there as well.

I thought about becoming a high school teacher, but for all the complaining they do about the lack of applicants, it turns out I might not qualify.

At this point, I am looking for jobs in Houston Texas. I don't have parents that are willing to take care of me until I find a job and can't afford my student loans.

I am going broke in a state that is also going broke. I promised myself I wouldn't leave NOLA for Texas but I am about to.

We need to attract and retain small businesses AND corporations. That's the only way around this.

04/29/2009 11:54 AM

Pointer

Hey Scott, check out www.WorkNOLA.com - a new job board by NOLA YURP to help connect people like you to careers in New Orleans. Just launched in beta 2 days ago. Good luck with the search.

05/01/2009 11:23 AM

Pointer

Louisiana should create a venture capital fund modeled after Pennsylvania's recent New PA Venture Capital Investment and Venture Guarantee (which incidentally was proposed here in Louisiana during the 80's oil boom, but a tax cut was passed instead). This is a far better incentive for retaining young talent and generating offsetting revenue by provide investment dollars to entrepreneurs to capitalize on a new ideas. This also addresses the valid concern of many by making the incentive open to all residents, but will inherently be more attractive to more risk tolerant youth and our strong university presence. By far and away this is what drives the capacity for so much innovation in California and Boston.

The tax credits proposed in HB 732 and SB 274 to incentivize insurers is a poorly conceived approach and cuts the state out of protecting public investment, relying exclusively on potential future corporate and income tax.

Reducing income tax is an incentive to retain young educated people in Louisiana, but not necessarily an incentive to be more productive and innovative, thus offsetting the revenue loss. In addition, the reality of young people today is even by 30, many have not settled down. So, you may lose the most productive talent if they cannot find better jobs right as they are starting their mid-career stride.

07/23/2009 7:21 PM

Post Comments


Policy Statistics

Number of Views Total
6507

Number of Views Today
1

Past 7 days
3

Number of Comments
21

  • No Related Policy

Recent Activity

  • voted this policy.
  • Dwight5 posted a comment on 07-23-2009 Louisiana should create a vent...
  • tracked this policy.