68°
Baton Rouge, Louisiana
7 Day Forecast

Latest Weather Blog

Follow our weather team on social media

Phase-In Recommended for Tax Plan

3 years 6 months 5 days ago March 25, 2013 Mar 25, 2013 Monday, March 25 2013 March 25, 2013 10:23 AM in News
Source: Associated Press

BATON ROUGE - A government watchdog group says Gov. Bobby Jindal's tax plan should include a "margin of error" factor so the state doesn't end up facing new budget shortfalls.

The Council for A Better Louisiana also suggests that if lawmakers agree to the tax system revamp, it should be phased in over time rather than take effect all at once.

Jindal wants to eliminate state income taxes for individuals and businesses. In exchange, he wants to raise state sales taxes and tobacco taxes, to charge sales taxes on an array of new items and to scrap some existing tax breaks.

The Republican governor says the proposal would be "revenue neutral," not generating any additional money or costing the state any lost revenue.

But questions have been raised about whether the numbers balance.

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days