Jindal proposes end to all Louisiana income, corporate taxes

Gov. Bobby Jindal is proposing to eliminate Louisiana’s income and corporate taxes and to pay for those cuts with increased sales taxes, the governor’s office confirmed today to The Times-Picayune. The governor’s office has not yet provided the details of the plan. “The bottom line is that for too long, Louisiana’s workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity,” Jindal says in a statement released by his office. “It’s time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs.” Jindal says the plan would be revenue-neutral and that the goal would be to keep sales taxes “as low and flat as possible.” The governor’s office has not yet confirmed or denied an article in The (Monroe) News-Star that reports eliminating the state income tax could require increasing the state sales tax from 4% to 7%. The governor’s full statement on the tax overhaul plan is available in the full story here.