Remember in high school when math teachers wouldn’t give full credit for answers that weren’t supported with all the work that showed how a student arrived to that answer?
On Friday, a group of 250 clergymen and women challenged the work behind the math used by the Jindal administration to calculate the tax burden on individuals under the governor’s new tax swap plan.
The governor wants to eliminate the personal income tax, the corporate income tax and the corporate franchise tax. He’d replace that lost revenue by raising the sales tax to 5.88 percent, applying the sales tax to more services and tinkering with a few other taxes and exemptions. Jindal says the plan will not amount to a tax hike for citizens or a loss in revenue for the state, but that it will be revenue neutral.
After hearing from department heads and state higher-ups, State Rep. John Schroder wants to hear from state employees on how to get Louisiana’s fiscal house in order.
The House Appropriations Committee has been methodically sifting through Gov. Jindal’s 2013-2014 budget since March 12th and will continue doing so in the weeks to come. As the committee continues going down the department checklist, Schroder now wants the involvement and input from actual state employees.
Representatives from the state-established Louisiana Citizens Property Insurance Corporation told the State Bond Commission on Thursday that if they operated like a regular insurance company and another storm hit, they’ll be insolvent.
Louisiana State Police say a sport utility vehicle carrying Gov. Bobby Jindal was hit by a large truck, but the governor was not hurt.
State police said in a news release Sunday night that a second SUV swerved to avoid the large rental truck and then hit a utility pole. The release says the trooper driving that SUV had minor injuries, but no one else was hurt in the wreck that happened around 5 p.m. in Baton Rouge.
Governor Jindal’s tax overhauls, presented to the legislature Thursday morning, include nixing almost 200 exemptions, and tweaking a few others – like the Motion Picture Industry Development Tax Credit.
Some members of the industry are worried the incentives will be at risk during upcoming debate in the legislature.
Gov. Bobby Jindal and other state and local officials met with Texas Brine representatives on March 13. The company responsible for a giant sinkhole in Assumption Parish is sending appraisers to some evacuated homes in Bayou Corne on Monday.
The Governor said company officials will also meet with the State Attorney General’s office on Monday. He said Texas Brine owes state and local governments 4 million dollars, combined, for costs incurred dealing with the disaster.
Gov. Bobby Jindal went before the legislature Thursday to unveil his tax proposal. He wants to eliminate the income tax and says the state can make up the gap with a higher and more expansive sales tax.
The proposal would make Louisiana the state with the highest sales tax in the nation. Combined with local sales taxes, Louisianians would pay an average of 10.75 percent in sales tax. And the state would start taxing things that haven’t been taxed before – like landscaping, haircuts, and cable and Internet services.