Simple but intriguing tax plan -

Posted: Jan 10, 2013

Louisiana Gov. Bobby Jindal is proposing to eliminate Louisiana’s income and corporate taxes and pay for those cuts with increased sales taxes, the governor’s office confirmed Thursday. The governor’s office has not yet provided the details of the plan. “The bottom line is that for too long, Louisiana’s workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity,” Jindal said in a statement released by his office. “It’s time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs.” Jindal says he’s meeting with legislators now, with the goal of revenue neutral tax reform. Some reports claim the state’s 4-percent income tax might have to rise to 7 percent to make up the difference, but the governor’s office hasn’t gotten that deep into details as it discusses possibilities: Gov. Bobby Jindal’s tax reform package could raise the state’s sales tax to as much as 7 percent so the state’s corporate and personal income taxes could be eliminated. http://hotair.com/archives/2013/01/10/jindal-calls-for-elimination-of-all-louisiana-income-and-corporate-taxes/;