"The current 74,608-page federal tax code is broken, unfair, overly complex, and harms the average American family. That is why I strongly support simplifying our tax code so that families and small businesses can take charge of their finances, and lowering our corporate tax rate while closing unfair loopholes. I plan on putting Louisiana and America first, ensuring we remain a leader in innovation around the world."
The US tax code hasn’t been reformed for over three decades, and the world has changed dramatically. Our tax code has failed to evolve to meet the demands of a 21st Century global economy, driving companies out of the US and forcing American families to spend millions preparing personal income taxes. It is past time to modernize our tax code and put the United States on a level playing field with the rest of the word. A competitive corporate tax system should create incentives for companies to locate their headquarters, open more offices, and to produce more products for export from the United States, resulting in more jobs, more tax revenue, and a higher U.S. standard of living. Americans should also be empowered to prepare their own taxes and understand their personal finances.
More on Taxes
WASHINGTON, D.C. – The U.S. House of Representatives passed three bills this week, collectively known as Tax Reform 2.0, which make tax cuts for individual filers and small businesses permanent, enhance savings options for American families, and encourage small business innovation. Congressman Clay Higgins (R-LA) voted for all three legislative measures.
Tax Reform 2.0 includes the following bills:
Congressman Clay Higgins (R-LA) praised U.S. Interior Secretary Ryan Zinke’s presentation of $188 million in GOMESA revenue-sharing funds to Gulf states, including $82 million to Louisiana.
The State of Louisiana will receive $66,271,724.59. Several parishes in Louisiana’s 3rd Congressional District will receive additional funds: Calcasieu Parish, $862,675.48; Cameron Parish, $1,090,580.78; Iberia Parish, $871,009.19; St. Martin Parish, $616,852.85; St. Mary Parish, $719,952.25; Vermilion Parish, $850,143.14.
For Louisiana’s Entergy customers, it’s going to be a very nice summer.
Entergy Louisiana has announced that it will be dropping its rates by 5 percent, starting in May. The first of the reductions will be as a result of $210 million in federal tax reform-related savings — $105 million of which will be given back to customers over the next eight months and the remainder over the next four years.
The corporate tax rate slashed from 35 percent to 21 percent, but are any of those tax savings businesses are getting being passed on to customers?
Entergy Louisiana customers can expect an average rate reduction of $4.20 a month starting this May, according to Entergy senior manager Chip Arnold.
WASHINGTON, D.C. – Congressman Clay Higgins (R-LA) commended Entergy Louisiana's announcement that they will return millions in tax savings to Louisiana customers after the Louisiana Public Service Commission approved the agreement today.
The first of the reductions will occur in May as a result of $210 million in federal tax reform-related savings, $105 million of which will be returned to customers over the next eight months, with the remaining half of these savings returned to customers over the following four years.
Homes that buy their electricity from Entergy Louisiana will see their monthly bills drop nearly 5 percent starting with the May invoice coming out in the next two weeks.
It’s part of a write-off of the savings the corporation received from the federal tax cut that was passed by Congress in December.
The Louisiana Public Service Commission approved the rate reduction plan at its Wednesday meeting. Another similar-sized reduction is coming in October when storm recovery loans are paid off.
April 17, 2018, marks the last time that Americans will file their taxes under the old federal tax code. For the first time in more than 30 years, America will do business under a fairer, simpler tax code that lowers rates for everyone and creates new jobs and opportunities.
Legislation that seeks to repeal the 12 percent federal excise tax on heavy-duty trucks will stimulate economic growth and put independent truckers back on the road, U.S. Rep. Clay Higgins said during a stop in Lake Charles on Tuesday.
Higgins, R-Port Barre, toured Martin Truck Center and spoke about the effort to repeal the tax. He said President Donald Trump supports measures on tax reform and tax reductions, but some lawmakers in Congress are worried that eliminating the excise tax will lead to lost revenue.