Dem Gov John Bel Edwards’ Tax-And-Spend Agenda Tanks Louisiana’s Business Climate

Exxon Mobil will invest $2 billion for a chemical expansion project in Baytown, Texas – choosing the Lone Star State’s robust economy over Edwards’ weakened Louisiana.

The RGA reports:

With Democrat Governor John Bel Edwards’ liberal tax-and-spend agenda tanking Louisiana’s business climate, job creators and investors are looking elsewhere to expand their operations. Today it was announced that Exxon Mobil will invest $2 billion for a chemical expansion project in Baytown, Texas – choosing the Lone Star State’s robust economy over Edwards’ weakened Louisiana. In response, the Louisiana Mid-Continent Oil & Gas Association tweeted: “[g]reat news for Texas and the Baytown area, but we would love to see more of those investment dollars here in our state.”

LMOGA tweet
Edwards’ reckless changes to Louisiana’s Industrial Tax Exemption Program (ITEP) have been a major concern to Exxon Mobil in recent months, with the company stating in January of this year: “Due to the uncertainty, we will have to assume there is no ITEP incentive as we make cost projections on future investment opportunities in Louisiana.”

Since Edwards took office, Louisiana has consistently been ranked as a bottom ten state for business climate by CNBC and has been labeled the worst state to find a job in the country. Edwards’ economic mismanagement has gotten so bad, that U.S. Census estimates show over 68,000 people have left Louisiana for other states since he took office, with many going to Texas. Leading Louisiana economist Loren Scott even called Edwards’ changes to the ITEP program “the best economic development move I have ever seen by any Louisiana governor—for the state of Texas.”

“John Bel Edwards’ reckless tax-and-spend agenda continues to take Louisiana backwards by stifling job growth and hurting businesses,” said RGA Deputy Communications Director John Burke. “Louisiana deserves leadership that embraces and empowers its engines of economic growth, but Edwards would rather raise their taxes and force them out of the state.”

1 year, 9 months ago

Governors in Iowa, North Dakota and Alabama join GOP colleagues in banning TikTok for state employees

The Republican governors of three more states have joined the growing number of GOP governors who are banning TikTok among state government employees amid security concerns about the Chinese-owned social media platform

1 year, 9 months ago

Arizona Governor Creates Shipping Container Border Wall

Arizona Governor Doug Ducey has had hundreds of double-stacked shipping containers topped with razor wire placed on the state’s border with Mexico

1 year, 10 months ago

Stacey Abrams’s Georgia Nonprofit Could Face Criminal Investigations for Unlicensed Fundraising

New Georgia Project's charity license has lapsed in at least nine states

1 year, 10 months ago

Biden says ‘more important things’ than border visit, despite 59 trips to Delaware, 8 stops for ice cream

Biden has yet to visit southern border despite historic crisis under his watch

1 year, 10 months ago

Governor Kristi Noem delivers annual Budget Address, says the state can afford grocery tax cut

In about thirty minutes of remarks, Governor Kristi Noem laid out her administration would like to see nearly $2.2 billion spent over the course of the next fiscal year and a half.

1 year, 10 months ago

‘A Clear And Present Danger To Its Users:’ South Carolina Gov. Bans State Employees From Using TikTok Amid National Security Concerns

South Carolina became the second state in the union Monday to permanently ban state employees’ electronic devices from using TikTok amid federal officials sounding the alarm that the Chinese-based social media app threatens national security