Republican Governor Bobby Jindal recently said that “he wants to eliminate all Louisiana personal and corporate income taxes to simplify the state’s tax code and make it more friendly to business, …” according to Reuters.
Governor Jindal recently said that “Our goal is to eliminate all personal income tax and all corporate income tax in a revenue neutral manner.” Jindal added, “We want to keep the sales tax as low and flat as possible.”
“Any tax increase (such as sales tax) or elimination of exemptions would require a two-thirds vote, a form of legislative approval that would require (Republican) solidarity and significant Democratic support,” Maginnis said.
Jindal said his team will meet with lawmakers soon to discuss details of his tax reform plan.
“Eliminating personal income taxes will put more money back into the pockets of Louisiana families and will change a complex tax code into a more simple system that will make Louisiana more attractive to companies who want to invest here and create jobs,” he said. (According to Reuters)
I trust you concur with Governor Jindal.