Louisiana State Rep. Danny McCormick pushes to end local sales tax on groceries
As inflation continues to impact everyone, Louisiana State Rep. Danny McCormick is aimed at bringing relief to families who rely on essentials to feed themselves.
In Louisiana, according to McCormick, residents do not have a state sales tax on groceries, just local sales taxes. He said residents in Caddo Parish are driving to Texas to buy their groceries because it's sales tax-free.
'With the inflation and the struggling middle class in this country, I think it's appropriate we eliminate all sales tax on groceries,' McCormick said.
McCormick said Louisiana already has the highest combined sales tax rate in the nation — an average of 10.12% when state and local taxes are combined.
According to the Louisiana Department of Revenue, a sales tax is required on all prepared food sales except for foods and beverages that are for preparation and consumption in the home.
Louisiana Revised Statute 47:305(D)(1)(n-r) notes that the state sales tax does not apply to food sold for preparation and consumption in the home, including bakery products, fresh fruits and vegetables, and packaged foods requiring further preparation by the purchasers.
By eliminating this sales tax for groceries, McCormick said this is an avenue to feed families without being taxed. He compared the sales tax to being taxed for oxygen, having to pay for it in order to live.
As inflation continues to rise, so will the cost of goods and services. McCormick said the government isn't suffering; it's the working class that feels the impact each time they go to the grocery store.
'The wealthy are not concerned about their tax on their groceries,' McCormick said.
But it's not just the wealthy who do not have to worry about sales taxes on groceries. McCormick said those on a government assistance program, like the Supplemental Nutrition Assistance Program, are not required to pay a sales tax for groceries.
'So, it's the working class that I am trying to help get this break on basic groceries,' McCormick said.
The break could come on day one of the next legislative session on April 14, when he will introduce legislation to prohibit local governments from imposing sales taxes on groceries state-wide.
This article originally appeared on Lafayette Daily Advertiser: Louisiana State Rep. Danny McCormick wants to end groceries sales tax
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
The impact of Medicaid, SNAP cuts in Trump's ‘big, beautiful bill'
ST. LOUIS – Last week, the nonpartisan Congressional Budget Office (CBO) issued its analysis of President Donald Trump's so-called 'big, beautiful bill.' The CBO predicted the legislation would increase the federal deficit by $2.4 trillion over the next decade and leave nearly 11 million people without health insurance. 'They're asking the poorest Americans to tighten their belts, so that the richest Americans can loosen their belts, and that's what makes it so extra unfair,' Bobby Kogan, senior director of federal budget policy at the Center for American Progress, said. Kogan says the president's tax bill could feature the largest Medicaid and Supplemental Nutrition Assistance Program (SNAP) cuts in history. 'By putting up so much red tape, tons of people who're doing everything right fall through the cracks,' Kogan said. 'These are incredibly meager benefits and all of the sudden, lots of people are going to lose them.' Police crackdown on reckless, disabling dozens of cars Kogan says the bill freezes Medicaid provider taxes, which many states use to help pay for large portions of their Medicaid programs. 'Already, a lot of hospitals are struggling, and this would definitely make the situation much worse,' he said. Senator Josh Hawley warned this could force rural hospitals to close. 'You've got some senators who now want to change this bill to cut Medicaid benefits. That's ridiculous. That's insane. 1.3 million people in Missouri are on Medicaid, including hundreds of thousands of kids. These are working people who cannot afford health insurance otherwise,' Hawley said in a June 5 interview. Last week, Hawley posted on his X social media account, 'Just had a great talk with President Trump about the big, beautiful bill. He said again, no Medicaid benefit cuts.' 'Failure is not an option. And we intend to deliver, along with the president, for the American people,' Senate Majority Leader John Thune, R-S.D., said. With Senate Republicans planning to get the bill to the president's desk by July 4, Kogan fears the fallout. 'There's a lot at stake here and a lot of people's livelihoods could be upended, so I hope the senators could see differently,' Kogan said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
7 hours ago
- Yahoo
Why eToro's IPO took four years to list in the US
Why eToro's IPO took four years to list in the US originally appeared on TheStreet. eToro finally made its US debut on May 14, 2025 — four years after first filing for a listing in 2021. In an interview with TheStreet Roundtable, Andrew McCormick detailed why eToro waited so long and what ultimately made the timing right. 'As a company that's all about empowering people and giving them access to capital markets, it's only natural for a company like eToro to hit the capital markets, to be a publicly traded company,' McCormick said. He emphasized the symbolic importance of letting customers 'all around the world become owners of eToro. And we love that idea of going from a consumer to an owner.' McCormick explained that after the initial 2021 filing, 'financial markets didn't cooperate at the time. There's definitely some regulatory pressures and challenges, but lots of work in between to be ready for that moment.' He described the IPO process as 'really complicated — it's a lot of work, comes with a lot of responsibility, a lot of diligence, a lot of meetings with lawyers and bankers.' A combination of an industry-best year in 2024 and an improved regulatory outlook opened a window for eToro to 'kick down the door and make this happen' this spring. 'After 18 years of just building a great company all around the world, it was a true honor and joy to have that happen three weeks ago,' McCormick added. When asked what sets eToro apart, McCormick pointed to low barriers and community insights. 'We are so great at making investing easy and accessible. $10, whether it's crypto, stocks, options, you can get started. So people who have never got into investing, what a great way to start.' Education is also central. 'We've got a whole dedicated resource called the eToro Academy — tons of courses, videos, articles to just help people learn and grow.' On the platform, users can gauge sentiment and validate it. 'If someone says, 'I love Bitcoin,' you can look at the portfolio and see they've actually bought it, here's a performance. That social element really sets it apart.' Looking forward, McCormick stressed there's 'no better time in history to be a retail investor than today,' whether via ETFs, spot trading or options — and eToro aims to welcome millions more into the markets. Why eToro's IPO took four years to list in the US first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Where to Find Free Food and Groceries in Atlanta Amid Proposed SNAP and EBT Cuts
Inside the Atlanta Community Food Bank's facility in East Point Friday morning, dozens of volunteers hustled inside to organize piles of water bottles, juice cartons, peanut butter, and cans of soup. On the other side of the building, the beeps from the forklifts echoed throughout the corridors as food bank staff in blue and gray vests packed thousands of boxes of chips, rice and pasta. Kyle Waide, CEO of the organization, said getting the millions of pounds of food out to the Georgians who need it most daily takes a 'community engagement effort' from volunteers, food bank staff, and nonprofit partners. 'We're serving hundreds of thousands of families throughout the year and connecting them with the food and resources they need, not only just to survive day to day, but to really have more bandwidth and breathing room to build stability in their lives,' Waide told Capital B Atlanta. 'I think that helps them have a better chance at pursuing opportunities and getting connected with pathways to really pursue their aspirations.' But Waide said he's fearful of what the proposed cuts being decided in Congress to the Supplemental Nutrition Assistance Program could mean for Georgians and for the food bank, which serves 29 counties across the northern part of the state. Last month, House Republicans successfully pushed for major budget cuts to SNAP in the coming years as they passed a bill that approved reducing the program's budget by $300 billion over the next 10 years. Read More: Georgia Skips Feeding Kids This Summer as GOP Pushes SNAP Cuts On top of the proposed cuts, Georgia chose to not partake in a summer program that would have helped feed 1.2 million children, according to the Food Research and Action Center. Summer EBT, also known as SUN Bucks, provides qualifying families with $120 for each eligible child in their household for the summer months. The program was designed to help feed children who receive free and reduced-price lunches at school. Congress approved the program in 2022 for use when public schools are closed or have limited hours Georgia is one of 11 states that will not take part in the program for summer 2025, according to the U.S. Department of Agriculture's website. Waide said that when it comes to food, the community is already in 'a state of crisis,' as demand for food has increased over the past few years due to inflation. He estimates the food bank is serving 60% more people than they were three years ago, and worries things will only get worse with cuts to SNAP. According to the Center on Budget and Policy Priorities, Georgia could owe around $812 million for its share of SNAP in 2028 — more than double the $300 million in food that the food bank provides to the community annually, according to Waide. As for Black Georgians, Waide said they will face a disproportionate impact from the cuts as they are overrepresented on the SNAP rolls. In 2020, Black people made up 33% of the state's population and more than half of SNAP participants, according to the Georgia Budget and Policy Institute. Additionally, Black residents are twice as likely to face food insecurity compared to white residents. 'We're going to see increasing disparities in life outcomes by race, because we're already starting from a place where disparities exist, and these cuts are going to help exacerbate those disparities,' said Waide. Read More: Georgia Rejects Summer EBT, Leaving 1.2M Kids Without Food Aid The cuts to SNAP are part of the Trump administration's efforts to reduce federal spending to offset the cost of extending the president's 2017 tax cuts for high-income earners. The bill with the proposed cuts is currently being reviewed in the Senate. Were the legislation to become law, these changes wouldn't come into effect until fiscal year 2028. Waide says because the state would have to shoulder more of the costs of SNAP due to the reduction from money on the federal side, state leaders could ultimately choose to reduce the amount of benefits SNAP recipients receive or restrict eligibility for the program, both resulting in less people having food. 'What we need from people is to support the food bank, get involved in our partner network and be an advocate for the community and the country you want,' said Waide. For those in search of food assistance this summer, here are ways to find free meals in the metro Atlanta area: Plug your address into a food pantry finder on the Atlanta Community Food Bank's website. Some pantries may require proof of local residency and offer curbside delivery, according to the website. You can also Text 'FINDFOOD' or 'COMIDA' to (888) 976-2232 to access the information via text message. During the summer months when schools are closed, the state has various summer meal programs in operation. Free meals are available at all the food sites for children 18 and younger, with some also serving youth with special needs up to age 21. Some of the sites operate through school-based summer programs, but many others are based within communities at parks, libraries or nonprofit organizations. Depending on the site, breakfast, lunch or both are served. To locate the nearest site, go to the USDA's website, text 'FOODGA' to 877-877, or call (866) 3-HUNGRY for help in English or Spanish. MUST Ministries, a faith based organization that provides resources to communities in Georgia, holds an annual summer lunch program that provides free meals to children in need across metro Atlanta during the summer months. They have lunches available from June through July at the following locations: Waleska UMC 11 a.m. to 1 p.m. 7340 Reinhardt College Parkway, Waleska Green Acres Baptist Church 11 a.m. to 1 p.m. 591 Pat Mell Road SE, Smyrna Cumberland Community Church 3059 S. Cobb Drive SE, Smyrna 11 a.m. to 1 p.m. Bethany UMC 760 Hurt Road SW, Smyrna 11 a.m. to 1 p.m. McEachern UMC 4075 Macland Road, Powder Springs 5:00 to 6:30 p.m. Mount Pisgah Baptist Church 851 South Gordon Road SW, Austell 11 a.m. to 1 p.m. St. Luke UMC 5115 Brookwood Drive, Mableton 11 a.m. to 1 p.m. Open Hand Atlanta is a nonprofit organization dedicated to improving health outcomes through the delivery of medically tailored meals and nutrition education. The organization serves residents across Georgia, focusing on those with chronic or severe health conditions such as diabetes, cancer, kidney disease, and HIV/AIDS. Information on eligibility or to request services can be found on the organization's website. The Grocery Spot is a nonprofit grocery store and community hub located in Grove Park. The store offers a free shopping experience to residents who live in the neighborhood as well as for college students, seniors, veterans and more. Residents must sign up by appointment, and groceries are available on the following days and times: 2615 DLH Parkway NW 1 to 5 p.m. (By appointment only for those who live or work in the 30314, 30318 and 30331 ZIP codes.) 777 Charlotte Place NW 1 to 3 p.m. (Wednesday is reserved for only Grove Park residents.) 2615 DLH Parkway NW 1 to 5 p.m. (By appointment only for workers in education, college students, city of Atlanta employees, residents 65 or older, and veterans.) Identification is required. The post Where to Find Free Food and Groceries in Atlanta Amid Proposed SNAP and EBT Cuts appeared first on Capital B News - Atlanta.
