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Eugene

(61,593 posts)
Tue Mar 8, 2016, 08:52 PM Mar 2016

After 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.

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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
Just like Ahhnold, just like ghostsinthemachine Mar 2016 #1
repukes want this for all of America Skittles Mar 2016 #2
And that disgusting twerp thought he was presidential material. BillZBubb Mar 2016 #3
And this stupid fuck will get another cushy job somewhere. CrispyQ Mar 2016 #4
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