Gov. Jeff Landry announces plan to overhaul Louisiana taxes [Video]

BATON ROUGE, La. — Governor Jeff Landry says the State of Louisiana is on the verge of a major budget shortfall if citizens don’t vote to fix what he and critics call a failing tax structure.

Tuesday Landry announced a plan to overhaul the system.

“The tax structure has caused Louisiana to stay at the bottom,” said Landry during a press conference Tuesday. “It inhibits job growth and economic prosperity for the state.” 

“We are estimating an over $700-million shortfall,” he said. “Which possibly could balloon to 1.5 billion in the near future.”

In an effort to avoid the shortfall, Landry is proposing “Louisiana Forward” a plan he says completely overhauls the current system eliminating several credits and exemptions, increasing sales tax on some services all while lowering the tax rate. 

Landry touted the plan, saying it would “provide an …