Posted on 03/16/2013 10:47:42 AM PDT by SeekAndFind
During this year’s March Madness across state legislatures, governors are competing for bold new ways to grow their job base. This week, Louisiana Governor Bobby Jindal detailed a jobs strategy that could take the Pelican State into the Final Four of tax competition.
Jindal’s tax bracketology is simple and clear to all businesses — a flat, fair, and simpler tax code is the better choice for moving Louisiana forward in economic growth. Jindal’s plan is far-reaching and intrepid — no state income tax, no corporate income tax, and no corporate franchise tax. Zero. Zilch. Nada. In exchange, the state that lost $6 billion in adjusted gross income since 1995 would modernize its sales tax system to replace nearly $3 billion in state revenues. With lower property tax burdens than the Lone Star State in the Bayou, the loudest opponent to this plan should be Texas Governor Rick Perry.
By lowering the penalty Louisiana currently extracts from workers, nearly 400,000 small businesses with fewer than five employees would get a clear economic signal from their Louisiana Department of Revenue. The more you produce, the more you can reinvest in a much friendlier business environment. If Washington, D.C., or Tea Party groups were looking for a game-changing state initiative, Baton Rouge just became fair tax headquarters.
Of course what comes next in their State Capitol is a boatload of special interest lobbyists, legislative conflicts, and legal hurdles. As this forward-thinking vision for revenue-generating policy enters the sausage grinder in the coming weeks, it will be vital for butchers and carpenters to understand this opportunity.
(Excerpt) Read more at forbes.com ...
Jindal is pro-economic growth, pro-life, has executive experience AND knows how the federal legislative process works from when he was in Congress.
Presidential timber, if you ask me.
RE: Presidential timber, if you ask me.
You’re gonna get the usual “Natural Born Citizen” concern from many FReepers with that remark.
Yes, you are -- him and Marco Rubio, both, because the concern is valid and the exclusion is constitutional law in black ink on white paper, put there by people like George Washington, Alexander Hamilton, and Benjamin Franklin.
There's no getting around it. That, or the fact that the GOP-e are baiting you with the "McCain Resolution" stuff, legitimating Obama by offering to include other people like Jindal.
“Natural Born Citizen” one word ‘Obama’ that horse has already left the barn and unless the nation conducts another constitutional convention to define who is eligibile to run most people don’t know. and don’t care.
Bobby Jindal is fine with me as long as conservatives pick one guy/girl and stick with them I’m fine.
And toss in the poor man’s massive charisma deficit while you’re at it.
Texas Needs to get rid of its property tax and there are plans in the work to do that.
I can’t wait for the day where all taxes are sales taxes. That a man who works not, buys not could in theory sit upon his ranch and support himself, as long as he leaved everyone else alone.
Perry may have his short comings when it comes to conversation, But I think when push comes to shove hes a fine governor.
Besides there is something classic about a short spoken Texan.
In regard to the name of Federal departments I want to close I’m not sure such a list could fit within my the confines of human memory anyway.
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