Lawmakers clash over major tax credit
BATON ROUGE- State lawmakers stalled over a major tax credit. They disagree over a bill that would create a higher education tax credit so the governor could say he still hasn't raised taxes.
Governor Jindal has said he will veto any budget that increased taxes without a tax credit offset.
"Without this major offset, it leaves the only option on the table as an override of a veto of some of the revenue or of the budget itself," said Representative Walt Leger. "At the end of the day it may be something we pass in order to have a budget process that's veto proof."
Lawmakers have been working to find money for universities, to save them from devastating cuts. They've already found $600 million, but they can't give money to universities without granting tax credits to someone else.
Some believe that Jindal is only pushing for the credit to try and make a run for president. Lawmakers are expected to take another look at the tax credit later this week.
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