Stephen Moret, Gov. Bobby Jindal’s secretary of the Department of Economic Development, said in The Advocate’s headline article Sunday that he is relying on help from The Tax Foundation to formulate a tax package that will improve our rating on their list and, supposedly, improve our business climate.
A brief internet search, comparing the top 10 states in The Tax Foundation list with other business climate lists shows how poor that correlation is.
Only the ninth and tenth states, Texas and Utah, on The Tax Foundation’s top 10 even appear on the CNBC, Forbes Magazine or BusinessFacilities.com lists of top states for business. Clearly tax policy is only one — and a minor one at that — of the factors affecting true business potential.
It would be better for Louisiana if our governor focused on improving our state rather than buffing his résumé with special-interest groups.
Carl Eyman III