LIVE: VIDEO AND POLITICS

Tuesday, 12 March 2013 09:50
Will Jindal's tax swap plan put Louisiana on good foundation?
Written by 

Tax-Foundation-logoSomeone should try to get the Jindal tax scheme’s birth certificate. 

 

 

According to the Advocate, Jindal’s dream to hike regressive sales taxes to pay for a tax cut for wealthy Louisianians wasn’t even born in Baton Rouge. No, in fact, Jindal’s clueless economic team has been scrambling to fill in the blanks of the plan with details plucked from the Washington, DC conservative think tank, the Tax FoundationFrom the Advocate:

Stephen Moret, Jindal’s secretary of the state Department of Economic Development, said he probably has called the Tax Foundation more than anyone else in America

The Tax Foundation is a Washington, D.C.-based group, whose board includes executives with the some of the nation’s largest corporations and officials with political action groups that support national Republican candidates. It has advocated restrained government spending and lower taxes since its founding in 1937.

Even Chuckles Kleckley, Jindal’s House Speaker puppet was getting frustrated with the lack of details when Jindal first announced the policy almost 6 weeks ago.

Kleckley, R-Lake Charles, sent a letter to the Republican governor’s chief of staff, Paul Rainwater, requesting Jindal’s tax plan be delivered to the House by March 15. “I feel strongly that the House of Representatives should begin hearings on such an important issue,” wrote Kleckley, usually a Jindal ally. “The public needs sufficient time to review the actual proposed legislation in order for members to receive feedback from their constituency,” he said in the letter released by the speaker’s office.

According to the Advocate, the Jindal posse presented Leges with an abbreviated document during early meetings that focused on increasing the state’s “ranking” with business climate watchers:

Jindal handed out what was described as a “talking points memo” to legislators who attended discussions at the Governor’s Mansion about a proposal to radically change how the state collects taxes to pay for services. At the very top of the memo, which he collected at the end of the meeting, a heading entitled “A Framework for Comprehensive Tax Reform” predicted that if the restructuring proposals were approved, “it is projected to increase our Tax Foundation rankings, which many businesses use to make site decisions, from number 32 to number 4.” 

Jindal’s massive tax burden shift, from the wealthy to the middle-class and poor, is based on increasing a ranking. Sounds about right. What’s wrong with that?

The efforts of Jindal’s aides to increase Louisiana’s rankings in the Tax Foundation’s State Business Tax Climate Index caught the attention of economist Robert Tannenwald in his Feb. 25 analysis published in State Tax Notes, a professional magazine.

“They asked the Foundation to suggest reforms that would lift the state’s ranking. The Foundation obliged with several proposals, notably to eliminate the state’s personal, corporate and franchise taxes and to increase its sales tax. Jindal decided to run with it,” wrote Tannenwald, a former Federal Reserve Bank economist who now teaches public policy and budgeting at Brandeis University, in Waltham, Mass.

Tannenwald found “especially disconcerting” the high weight the Tax Foundation put on the elimination of personal income taxes, which he argued not only skewed the findings, but did not best represent what businesses looked at when looking at the bottom line.

A Washington, DC think tank filling in the blanks for a half-baked idea that Jindal decided to “run with” in order to bolster his standing with 2016 Republican primary voters in Iowa. What was it Jindal said about listening to Washington?

Jindal to GOP: Ignore Washington

It seems like the only person that should be listening to Jindal’s voluminous advice from the “stupid party” is…Jindal. 

by Lamar Parmentel, Chief curator of the Daily Kingfish.com

{jvotesystem poll=|44|}

 

 

 

              

  Want more Louisiana news?               

Louisiana News

Louisiana Politics

Louisiana Business

Louisiana Government

             
 Baton Rouge News

Lafayette News

Shreveport  News

New Orleans News

   

 

Signup for Our Newsletter

qr

Scan the QR Code above using your smartphone to signup for our newsletter.

Join Our Email List
Email:  

 

 

Login to post comments
  • A July 4th Fact of Facts: America is Land of Immigrants
  • Poll: Trump strong on jobs, weak on tweets, viewed as reckless, thin-skinned, sexist
  • President Trump, It doesn't feel like Independence Day
  • YIPPIE! The naked truth about free speech, cherished especially on Independence Day

mass2On July 4, 1778, George Washington doubled liquor rations for the soldiers quartered in Princeton, NJ, as a way to celebrate Independence Day. It’s fitting, therefore, that the Fourth of July is America's top-selling beer holiday, according to the Beer Institute. It estimated, in 2013, that sales of beer on the 4th could total $1 billion, doubtlessly higher today. “In moderation,” claims a CA brewery investor, Grover McKean, “beer is tasty and healthy.” Who could disagree?

Read More

joe mikaAs Donald Trump faces the top world leaders this week, including a face-time with Vladimir Putin, and as his healthcare proposals face an uphill climb, his poll numbers for how the nation views him could be better.

According to a morning Consult/Politico poll released Wednesday morning, his tweets, including that against MSNBC's Mika Brzezinski, and his personality are not helping him, at all.

Read More

indy dayII know the calendar says we are approaching the 4th of July, but, it just doesn’t feel like Independence Day.

Perhaps it should.  It’s hot as heck.  The airlines have been packed. The hot dogs are ready for grilling.  The umps are saying, "play ball". The patriotic activities are scheduled. The fireworks are ready-for-blasting. 

Yet, it just doesn’t feel like independence day.

Read More

bill rights2To President Thomas Jefferson, July 4th celebrated more than the signing of the Declaration of Independence. He thought it was a link to the future. The message prominent colonists sent to King George III led to the Constitution and the Bill of Rights, the initial and most prominent feature of which is the First Amendment that guarantees free speech. It’s part of the country’s fundamental essence that each man and woman can say what they feel about government, or anything else, proving President Donald Trump needs some civics lessons.

Read More

latter-blum2

Dead Pelican

Optimized-DeadPelican2 1 1