Thursday, January 10, 2013

Gov. Bobby Jindal calls for elimination of all Louisiana income and corporate taxes

Jindal said the plan would be revenue-neutral and that the goal would be to keep sales taxes "as low and flat as possible." - Jeff Adelson/NOLA.com/The Times-Picayune

"The bottom line is that for too long, Louisiana's workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity," Jindal said in a statement released by his office. "It's time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs."

...The governor's office has not yet confirmed or denied an article in The Monroe News-Star that reports eliminating the state income tax could require increasing the state sales tax from 4 percent to 7 percent....

"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.

"Tax reform will remove administrative burdens from families and small businesses and improve Louisiana's business prospects; create more business investment opportunities with increased job growth; and raise the state's profile in national business rankings.

"The bottom line is that for too long, Louisiana's workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity. It's time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs."

Republican governors, lawmakers look to cut taxes in 2013 - AP via nola.com

Bobby Jindal: Eliminate La.’s personal, corporate income taxes - Twitchy