A year ago Jindal was on a "second honeymoon. He was flying as high as a kite," said state Rep. Jeff Arnold, D-Algiers.
Moseley acknowledges it’s a bit of a confidence game at first, but if the tax plan coincides with continuing business expansion, voodoo economics may finally have found its high priest.
State Rep. Jerome “Dee” Richard is filing a bill to repeal all tax exemptions not embedded in the state constitution.
Economists say there must be winners and losers if the plan is revenue-neutral. Will businesses pay more?
The governor's broad-brush explanation lacked details to determine who would pay more.
The Fiscal Hawks say Jindal's accounting gimmicks are the reason he has overestimated available revenues every year he has been governor. The emergency budget cutting in 2012—performed by the governor, not legislators—came to $166 million. The 30 House members will begin to flex its muscles again today when Jindal releases a projected $24.7 billion budget for fiscal year 2013 that is expected to be kept in balance by $424 million in accounting gimmicks.
With his poll numbers down sharply, Jindal has asked donors to finance a $750,000 media blitz.
More than twice as much of their income, according to the Institute on Taxation and Economic Policy.
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"?
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.