"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 said 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."
Comment:
That's the idea that Romney just tried to sell and it didn't work. I'm all for lower taxes, but this isn't lower taxes, it's supposed to be revenue neutral. How about cutting the size of government?
Texas doesn't have an income tax and its sales taxes are similar to what Jindal is proposing. Texas seems to do okay. But I wouldn't make the mistake of thinking that this proposed policy change would do the same in Louisiana as it purportedly done for Texas. It is more complicated than that.
Get rid of income taxes and cut the size of government. That's the idea. For example, Texas' legislature meets only once every two years. What about Louisiana's legislature?
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