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Black caucus drops tax plan, except cigarette tax

3 years 5 months 2 weeks ago April 16, 2013 Apr 16, 2013 Tuesday, April 16 2013 April 16, 2013 1:22 PM in News
Source: Associated Press

BATON ROUGE- With the House tax committee dropping debate of Gov. Bobby Jindal's income tax repeal, the Louisiana Legislative Black Caucus says it won't push its alternate tax plan to lower the tax rates.

Rep. Katrina Jackson, who is the chair of the group, says the caucus wouldn't seek hearings on measures that would cut rates for individual and business income taxes and eliminate the corporate franchise tax.

She says the financial analysis of the proposals showed numbers that were "drastically different" than had been expected.

Jackson says the caucus will continue to push an increase in Louisiana's cigarette tax from 36 cents per pack to 68 cents, with the new funds dedicated to health care services and higher education.

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