Conservative group endorses Jindal tax overhaul

The Pelican Institute for Public Policy, which describes itself as “the leading voice for free markets in Louisiana,” says Gov. Bobby Jindal’s proposed tax overhaul would create 11,810 new jobs in the state by 2017, while boosting investment in the state by $183 million and increasing disposable income by $1.749 billion. In making those assertions, the Pelican Institute relies on a modeling program designed by the Beacon Hill Institute at Suffolk University in Boston. Jindal’s tax reform proposals would eliminate income and franchise taxes in favor of higher sales taxes and taxing more services. “Gov. Jindal’s tax reform proposal would shift the state tax burden from income and toward consumption, which would promote economic growth and provide a better source of government revenue,” the Pelican/Beacon Hill analysis says. “Overall, consumption taxes are more efficient, as they are collected only when resources are consumed, not saved or invested.” You can access the analysis in its entirety here.