More than twice as much of their income, according to the Institute on Taxation and Economic Policy.
Tag: Bobby Jindal
Posted inGovernment & Politics, Investigations
Bad news for Jindal: Florida, Texas rely heavily on property and biz taxes
Gov. Bobby Jindal has pointed to Florida and Texas as models for his plan to cut income taxes and rely more on sales taxes. But those states rely heavily on two taxes he dislikes: business and property taxes. Would Louisiana rely on a “one-and-a-half-legged stool”?
Posted inGovernment & Politics
Few details so far on how Jindal would pay for income tax cut
The governor would have to raise about $3 billion a year in order to abolish income taxes in Louisiana. As his administration figures out how to fill that gap, business groups are warning against raising sales taxes too high or wiping out their own tax exemptions.
Posted inGovernment & Politics
Cutting income tax is the easy part; filling the gap is trickier
Who’s going to pay? That’s the quandary Bobby Jindal and his allies in the state Legislature will face as they seek to dramatically reshape the state’s tax code this year. Jindal said that he wants the Legislature to take the far-reaching step of abolishing personal-income and corporate taxes during the session that begins April 8. […]
Posted inGovernment & Politics
Economist: Jindal plan to raise sales taxes would hurt the poor
Gov. Bobby Jindal wants to take the dramatic step of abolishing the state income tax on individuals and corporations, offsetting the revenue loss by raising sales taxes by 3 percentage points. That would push the total tax rate in New Orleans to 12 percent, raising concerns that his plan will shift the tax burden from […]
Posted inGovernment & Politics
Jindal gaining reputation for punishing those who stand in his way
One October evening at the Chimes restaurant in Baton Rouge, former Gov. Kathleen Blanco leaned across the table to Robert Mann. “You do have tenure, don’t you?” Mann, a communications professor at Louisiana State University, gets that ominous question just about every day. Mann does indeed have tenure, meaning LSU officials cannot terminate him without […]
Posted inGovernment & Politics
Overlooked population metric key to analyzing state’s performance
Hurricane Katrina hurt Louisiana, says ex-Gov. Roemer, but “Louisiana was already hurting.” The reasons why are complex. A solution begins with dedicated trust funds for the state’s colleges and universities. photo: NASA It’s surprisingly difficult to measure how a state is “doing.” Politicians do a lot of bragging about what they’ve accomplished but tend to […]
Posted inGovernment & Politics, Schools
Report: Teacher pension plans drowning in red ink nationwide
The accrued deficit that now plagues Louisiana’s teacher pension plan is part of a 40-state trend, according to a report released Thursday by the National Council on Teacher Quality. The Teachers Retirement System of Louisiana’s $10.8 billion deficit is part of a larger sea of red ink resulting from risky investments, erroneous market predictions and […]
Posted inGovernment & Politics, Schools
Live blog recap: Jindal speaks on education policy at Brookings
Gov. Bobby Jindal is in Washington, D.C., today to deliver a keynote address at a Brookings Institution event on education. According to Brookings, Jindal will offer “his reflections on education reform in his state and the nation in the context of school choice and competition.” He will speak at 12:50 p.m. CST. Jindal will undoubtedly […]
Posted inGovernment & Politics
Old debt pushes up cost of state pension systems
In the past five years, schools have had to pay more to participate in the Teachers Retirement System of Louisiana — rising from 15 percent of an employer’s eligible payroll in 2008-09 to about 25 percent in 2012-13. Why the jump? The short answer: The teachers retirement system is trying to make up for underfunding […]