Here’s an idea that Mississippi’s wage earners and corporate CEOs might like to see exported to here from Louisiana: Ending individual and corporate income taxes.
Republican Gov. Bobby Jindal said on Thursday he wants to eliminate all Louisiana personal and corporate income taxes to simplify the state’s tax code and make it more friendly to business.
The governor did not release details of his proposal, but his office released a statement confirming that the taxes are targets of a broader tax reform plan.
“Our goal is to eliminate all personal income tax and all corporate income tax in a revenue neutral manner,” Jindal said in the statement.
He did not confirm reports that he will seek an increase in sales taxes in order to offset lost income tax revenue, but said: “We want to keep the sales tax as low and flat as possible.”
Read the Reuters’ story.