BATON ROUGE, La. – The Louisiana Association of Business and Industry (LABI) released the following statement on behalf of President and CEO Will Green upon Congressional passage of H.R. 1, the One Big Beautiful Bill Act.

“LABI commends Congress for passing this landmark measure that delivers critical tax relief and pro-growth reforms for Louisiana businesses and families while maintaining a balanced and pragmatic approach to controlling Medicaid spending.

“Lower taxes, smart regulatory reforms, and policies that support domestic energy production and manufacturing are critical to Louisiana’s economy. This legislation provides tools to help businesses of all sizes invest, expand and hire more workers.

“Earlier this year, LABI warned that ‘76,000 Louisiana jobs will be lost unless Congress renews the Trump tax reforms.’ We are pleased that this bill extends and builds upon those tax cuts, preserving the competitive tax climate that is essential for our state’s economic growth, job creation and continued investment.

“Louisiana’s economic future depends on a competitive tax climate, infrastructure investment and a regulatory environment that fosters growth while protecting our unique resources. LABI looks forward to working with state and federal leaders to ensure these reforms deliver tangible benefits for our businesses, families and communities.

“We especially thank members of Louisiana’s Congressional delegation who supported this bill. In particular, we recognize House Speaker Mike Johnson and House Majority Leader Steve Scalise for their leadership and dedication while navigating a challenging process to ultimately advance policies that keep Louisiana’s economy strong and competitive.”

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