WRKF's Kelly Connelly sat down with Dr. James Richardson to discuss the repercussions of Governor Bobby Jindal's tax reform proposals. Dr. Richardson is an economist with LSU and a member of Louisiana's Revenue Estimation Committee.
Credit EJ Ourso Business School, Louisiana State University
Governor Bobby Jindal is calling for legislators to eliminate the state income tax in the upcoming session.
The details of Jindal’s tax reform plan have not been released, but according to a written statement Jindal says his goal is to replace both personal income tax and corporate income tax with revenue from an increased sales tax. Jindal says the reforms would be enacted in such a way as to not decrease or increase the state’s revenue.