by Bob Mann
It’s an article of faith among conservative politicians and business leaders that “business hates uncertainty.”
Yesterday, Governor Jindal appeared before two legislative committees to give more details about his tax plan. While it is a worthy objective to eliminate income taxes, Louisiana cannot afford the label of having the highest sales taxes in the nation.
LA’s newest tax collector
Every state relies primarily on one or more of three taxes to raise revenue: income, sales and property. None is perfect or pleasant. It's more a case of "pick your poison," and then try to achieve fairness by keeping rates low and the base broad, so everyone pays a little bit.
Governor Jindal’s plan to eliminate the state income tax and raise the state sales tax is being met with opposition on both political fronts but will actually bolster the Governor politically whether it passes or is defeated.
Louisiana tax reform is fast becoming the big topic of discussion as the Louisiana legislative session approaches.
There has much debate, especially in conservative circles, about a national sales tax or a value added tax as a way to raise significant revenue for the federal government while reducing its reliance on personal and corporate income taxes, if not eliminating them altogether.
Louisiana’s Governor Bobby Jindal has offered general ideas that are being labeled as tax reform and what others are calling a tax revolution for the state.
Does Bobby Jindal believe in the Easter Bunny or the Tooth Fairy? It’s likely that, as a man in his 40s, he’s given up those childish notions.