An economic break from the dizzying world of Washingtonian politics…….this week will be all about economic issues….unless something major breaks on the political front…….enjoy.
This is a concept that almost all Americans will cheer for……but in the same breath they expect the government to live up to certain contracts that it has made with the population…….and then there is the cute little slogan that we will most likely hear a lot in the coming battle in the coming months….revenue neutral………
Louisiana wants to solve the problem and free the people……..
(Newser) – Bobby Jindal wants to do away with income and corporate taxes in his state—and raise Louisiana’s 4% sales tax to make up the difference, the New Orleans Times-Picayune reports. “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,” the governor said yesterday in a statement. The move, which he described as a revenue-neutral one, would aim to keep the sales tax “as low and flat as possible.”
“Eliminating personal income taxes will put more money back into the pockets of Louisiana families and will change a complex tax code into a more simple system that will make Louisiana more attractive to companies who want to invest here and create jobs,” the governor said. One local report asserts that the sales tax would need to climb to 7% under the measure.
Who is Jindal working for with this proposal? If we listen to the talking point then about 50% of the country pays no taxes……so he will make sure that those that pay no payroll tax gets it in the end by having to pay higher sales tax…….this that the plan? The only people this will benefit are those corporations that will pay NO taxes at all….why? Corporations can apply for and get a tax free status…….this will eliminate the burden of having to fill out paper work….which should make the state more stable.
This will just help accelerate the death of social programs….because there will be a shortage of revenue….this sounds so right and will be so wrong in application…..plus it will cost the poor more in the long run. It is a gift to corporations.