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.
Originally published on Thu January 10, 2013 9:20 am
It's amazing how many different kinds of people have been trying to abolish or at least change the government's payments to farmers. They include economists, environmentalists, taxpayer advocates, global anti-hunger advocates and even a lot of farmers. Some have been fighting farm subsidies for the past 20 years.
This past year, those critics laid siege to offices on Capitol Hill because the law that authorizes these programs — the farm bill — was about to expire. (It has to be renewed every five years.)
Senator David Vitter made his opinion of Senator Harry Reid clear this morning via twitter. "Sadly," Vitter wrote, "Harry Reid has again revealed himself to be an idiot, this time gravely insulting Gulf Coast residents."
One of the state laws going into effect Jan. 1 provides tax rebates for donations to organizations that will pay private and parochial school tuition for students from low and moderate-income families wanting to escape under-performing public schools. The rebates come into play barely a month after a state judge ruled a similar voucher program couldn’t be paid for through the formula for funding public schools.
Louisianians will also be able to check boxes on their tax forms to designate resources to fighting fraud in the state’s food stamp program.
If women were allowed to get birth control without a prescription, Jindal argues, employers with moral objections would not have to pay for it and Democrats could no longer accuse Republicans of being against contraception.