Bobby Jindal’s plan to kill Louisiana’s income tax hits a major snag
- cause In recent weeks, Louisiana Gov. Bobby Jindal, a Republican who is expected to run for president in 2016, has been pushing a bold tax plan in his state that would eliminate income taxes entirely on individuals and corporations, in an effort to make the state more desirable for businesses. To make up for the loss of income, the state’s sales taxes would jump by 56 percent, the cigarette tax would jump significantly and a number of tax loopholes would be closed.
- reaction Jindal’s popularity has tanked. With a 38 percent approval rating in the state, President Barack Obama is now a more popular figure in the conservative Louisiana. Why’s that? Well, two reasons: First, the sales tax increase is seen as hitting the poor more than the rich (though Jindal says there will be tax credits available for low-income residents); and second, many residents see it as a transparent scheme to shore up Jindal’s credentials with conservatives outside of Louisiana before running for president. Many of those polled also note that he’s been out of the state a lot lately. source
April 7, 2013 // 12:16 // 1 year ago