Republicans clash over House budget compromise
BATON ROUGE - Gov. Bobby Jindal is making a strong bid to kill a bipartisan budget compromise that contains $329 million in cuts to tax break programs that largely benefit businesses.
Jindal assembled a group of industry lobbyists Tuesday to criticize the budget proposal, which was devised by conservative House Republican and Democrats.
The Republican governor described the budget proposal as a large tax increase that would kill jobs in the state, damage economic development efforts and renege on the state's existing business deals.
Dan Borne, president of the Louisiana Chemical Association, says the tax break reductions would send a "shockwave into corporate boardrooms."
The budget compromise has House Republicans at odds with each other and with the governor. The divide within GOP ranks threatens to sink the plan, scheduled for debate Thursday.