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Related: About this forumAfter Jindal, Louisiana reels from corporate tax giveaways
Source: Reuters
Politics | Tue Mar 8, 2016 5:01pm EST
After Jindal, Louisiana reels from corporate tax giveaways
BY ROBIN RESPAUT AND BRIAN THEVENOT
Near the end of his eight years as Louisiana governor, Bobby Jindal, a tax-slashing conservative and presidential hopeful, acknowledged that the state's business tax breaks had gone too far.
"The truth is, we have a system of corporate welfare," Jindal said during an April speech to legislators.
The comment resonates now as the state faces its worst budget crisis in three decades - largely because of the soaring cost of subsidies, as well as personal income tax cuts, championed by Jindal.
Business tax subsidies peaked in 2012, when the state exempted 88 percent of corporate income taxes, or about $1.8 billion. It has exceeded 80 percent since then, according to the Louisiana Department of Revenue.
[font size=1]-snip-[/font]
After Jindal, Louisiana reels from corporate tax giveaways
BY ROBIN RESPAUT AND BRIAN THEVENOT
Near the end of his eight years as Louisiana governor, Bobby Jindal, a tax-slashing conservative and presidential hopeful, acknowledged that the state's business tax breaks had gone too far.
"The truth is, we have a system of corporate welfare," Jindal said during an April speech to legislators.
The comment resonates now as the state faces its worst budget crisis in three decades - largely because of the soaring cost of subsidies, as well as personal income tax cuts, championed by Jindal.
Business tax subsidies peaked in 2012, when the state exempted 88 percent of corporate income taxes, or about $1.8 billion. It has exceeded 80 percent since then, according to the Louisiana Department of Revenue.
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Read more: http://www.reuters.com/article/us-louisiana-budget-politics-insight-idUSKCN0WA2OG
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After Jindal, Louisiana reels from corporate tax giveaways (Original Post)
Eugene
Mar 2016
OP
ghostsinthemachine
(3,569 posts)1. Just like Ahhnold, just like
The idiot in Kansas. Will people ever learn?
Skittles
(152,964 posts)2. repukes want this for all of America
yup
BillZBubb
(10,650 posts)3. And that disgusting twerp thought he was presidential material.
CrispyQ
(36,226 posts)4. And this stupid fuck will get another cushy job somewhere.
Good fucking grief!