Governor Edwards' third special session hopes to end with a budget solution
Posted on 6/18/2018 10:49:00 AM.
The powerful lobbying group, Louisiana Association of Business and Industry, says the third special session must end with a solution that solves the state’s budget problems. LABI President Stephen Waguespack says it seems lawmakers are close to finalizing at least a portion of the one-cent sales tax that expires June 30th.
Governor John Bel Edwards, third special session, Stephen Waguespack

Constitutional convention aimed to rewrite Louisiana finances
Posted on 5/11/2018 5:49:00 AM.

The push to trigger a constitutional convention is picking up steam, as this year’s version of the bill gained a majority vote in the House, but not the two thirds needed for passage. The convention is aimed at rewriting the rules on Louisiana’s finances. President of the Louisiana Association of Business and Industry Stephen Waguespack says it puts voters in control of what is “protected” spending.

Constitutional convention, Stephen Waguespack, Louisiana Association of Business and Industry

Reaction to Governor John Bel Edwards' worse-case-budget rolls in
Posted on 1/24/2018 3:51:00 AM.

Governor John Bel Edward’s worst-case-scenario budget is making waves across the state, from both inside, and outside of government. The budget is the result of the expiration of a billion dollars in sales taxes this summer, and Edwards says the revenue will need to be replaced to avoid the deep cuts.

fiscal cliff, John Schroder, Stephen Waguespack

Proposed tax on businesses raises concern from LABI
Posted on 3/30/2017 5:52:00 AM.

A key component of Governor John Bel Edwards’ tax reform plan would impact businesses throughout the state. The proposed Commercial Activity Tax would levy a gross receipts tax on businesses with $1.5 million a year in sales or more, and it’s similar to a sales tax but paid by the seller instead of the buyer.

John Bel Edwards, Stephen Waguespack, LABI, CAT

Louisiana business leaders optimistic Trump Administration will benefit economy
Posted on 11/10/2016 5:27:00 AM.

Business leaders in Louisiana are confident a Trump Administration will be good for the state’s economy. Louisiana Association of Business and Industry President Stephen Waguespack says government regulations,

Stephen Waguespack, Loren Scott, LABI

Senate Committee frustrated with LABI, saying they refuse to cooperate
Posted on 3/8/2016 12:31:00 PM.
A state senate committee approves legislation that takes away a significant tax break businesses receive to help pay for utility costs and equipment purchases. Louisiana Association of Business and Industry president Stephen Waguespack opposes the idea, but New Orleans Senator Karen Peterson says Waguespack helped create the state’s budget problems as a former aide to Governor Bobby Jindal.
Stephen Waguespack, LABI, Louisiana Association of Business and Industry, Karen Peterson, Troy Carter, Jay Luneau

Tax bills move out of House committee
Posted on 2/23/2016 2:33:00 PM.

The House Ways and Means Committee sent several tax bills to the House floor today. But the panel used a procedural move to advance the tax hikes without having to vote “yes or “no.” Louisiana Association of Business and Industry President Stephen Waguespack says the committee basically punted these revenue-generating pieces of legislation to the House floor.

Stephen Waguespack, Jan Moller, taxes

Business community and film industry not happy with the final result of the session
Posted on 6/12/2015 1:11:00 PM.
Louisiana Association of Business and Industry President Stephen Waguespack says lawmakers approved 2.5 billion dollars in tax increases on businesses over the the next five years on the final day of the legislative session. One of the bills reduces the inventory tax credit businesses receive and Waguespack says shoppers will notice.
Louisiana legislature, film industry, Stephen Waguespack, Patrick Mulhearn, tax credits

LABI leader looks to strengthen economy even though state faces difficult budget times
Posted on 4/9/2015 4:11:00 AM.
With just a few days left before the start of the legislative session, the head of Louisiana Association of Business and Industry is concerned about a proposal to eliminate refunds businesses receive for paying an inventory tax to local governments. 
Stephen Waguespack, LABI, inventory tax credit, Jindal administration

LABI Prez says education needs to focus on worker training
Posted on 12/10/2013 5:34:00 AM.
The new head of the Louisiana Association of Business and Industry says education needs to step up to meet the state's workforce needs of tomorrow. LABI President Stephen Waguespack feels K-through-12 schools do a poor job of teaching young people even the basics of reading, critical thinking and working well with others.
LABI, Stephen Waguespack

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