Louisiana’s costliest incentive program allowed manufacturing companies to cut jobs while saving billions in taxes

December 18, 2017

– Exxon Mobil, has gradually lost some 1,900 jobs in East Baton Rouge Parish, while receiving tax cuts worth almost $700 million over 20 years.

– The industrial tax exemption program has for years had no job requirement, and many companies have self reported job losses as they were allowed to forego millions of dollars in tax payments to local governments

– The tax exemption program for manufacturers is most generous in the state, costing more than $1 billion a year

– Manufacturing jobs are down across nation, state and parishes, as technological upgrades and contracting employees reduces direct employment. Tax exemption subsidizes job loss.