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Jindal: Let's Eliminate Louisiana's Income and Corporate Taxes

Dot462 Wrote: Jan 11, 2013 3:28 PM
Right now, Nevada is doing pretty well without an income tax, although of course revenues from sales taxes went down during the recession and revenue from property taxes took a hit. A consumption tax would be a good thing -- resembling a flat tax. Unfortunately, the NV legislature goes into session next week for one of its 120-day sessions every two years (we're saved from them most of the time) and there's a push to reverse the sunsetting of several taxes that are due to expire this year. And, the teacher's union has been pushing for a business margins tax which would take effect on GROSS income, so that a company that was unprofitable would still have to pay the tax.

A bold endeavor to be sure, but opponents of the plan ought not sell Bobby Jindal short.  He's already shepherded two sweeping reform packages into state law, he's earned high marks for exhibiting extraordinary leadership during a series of natural disasters along the Gulf Coast, and he was essentially re-elected by acclamation in 2011 -- carrying 66 percent of the vote.  Louisiana's can-do governor has now fixed his sights on uprooting the state's tax code and replacing it with an entirely new system.  Go...