5 Reasons To Vote "NO"

WHAT IS AMENDMENT #5?

Amendment 5 would allow major corporations to NEGOTIATE what they pay in property taxes and whether they pay them at all. It would let one group of taxpayers, industrial manufacturers, have a different set of rules for taxes than anyone else. Instead of paying the tax rate approved by voters, they would be able to pay whatever amount they’re able to negotiate through special agreements called cooperative endeavor agreements.

Amendment 5 would create one set of rules for industrial corporations and another set of rules for everybody else.

1. AMENDMENT #5 is called the "Corporate Welfare Amendment." It would allow Industrial Corporations to negotiate what they pay in property taxes.

Amendment 5 would allow major corporations to NEGOTIATE what they pay in property taxes and whether they pay them at all. It would let one group of taxpayers, industrial manufacturers, have a different set of rules for taxes than anyone else. Instead of paying the tax rate approved by voters, they would be able to pay whatever amount they’re able to negotiate through special agreements called “cooperative endeavor agreements.”

Amendment 5 would create one set of rules for industrial corporations and another set of rules for everybody else.

2. AMENDMENT #5 would allow corporations to get tax breaks without having to CREATE ANY new jobs.

The second thing to know about amendment five – it’s got no guard-rails or restrictions on what tax exemptions could be approved for industrial corporations.

Corporations would not be required to create any jobs to get tax ex-emptions. Exemptions could go to businesses that are actively laying off their workforce.

There'd be no restrictions for polluters or dirty industry.

3. AMENDMENT #5 would allow special corporate tax deals that NEVER EXPIRE.

Maybe most incredible is point #3 -- Amendment 5 puts NO TIME LIMIT on the duration of its “cooperative endeavor agreements.” That means a corporation could be exempted from taxation for 25 years, 50 years, 100 years.

A piece of legislation that accompanied the bill allows exemptions up to 25 years, which is as long as 8 terms of office for the average local elected position. Think about what the lack of any time limits would permit. All a major corporation would have to do is win a SINGLE election cycle, get a deal to pay no taxes, and that arrangement would be binding on all future elected officials and taxing bodies.

4. AMENDMENT 5 WOULD INCREASE PROPERTY TAXES FOR ALL RESIDENTIAL PROPERTY TAXPAYERS & ABOUT 99% OF BUSINESSES

The 4th thing to know is that, under Amendment 5, every household and 99% of businesses would pay higher property taxes.

Why? Because when 1 group gets a special deal and doesn’t have to pay its taxes, everybody else picks up the tab. And when the people that get exempted are the owners of the most valuable properties in a parish, then it’s going to be a very big tab.Amendment 5 is going to raise your taxes, my taxes and everyone’s taxes you know, because it’s going to create special deals for powerful interests that the rest of us will pay for.

5. AMENDMENT #5 would defund public schools, roads & other public services.

Finally, the 5th thing to know about Amendment 5: It would defund >our schools, roads and other public services.

KEY POINTS TO REMEMBER ON NOV. 3RD

If Amendment 5 passes, it will drain millions of dollars our local communities need to invest in our infrastructure and educate our children.

It will bring cuts to education , health care, roads, police and fire.

We cannot afford Amendment 5.

Let's be honest, no company is going to negotiate to increase its taxes.

If the wealthiest industrial property owners in each parish don't have to pay their property taxes, you better believe all of us will end up paying more.

Amendment 5 will end up increasing property taxes.

Amendment 5 will bring us back the days of backroom deals between politicians and wealthy corporations. Backroom deals never benefit the economy. And they for sure don't benefit working families.