LABI opposes Jindal tax plan
As currently conceived, Gov. Bobby Jindal's tax plan would shift about $500 million of the state's tax burden from individuals to businesses, which has drawn the ire of LABI President Dan Juneau. "LABI's policy is clear: If the tax swap proposal is introduced as a net increase in business taxes or is amended during the legislative process to take that form, LABI will oppose it," Juneau says, in a column you can read here. Last November, LABI's board of directors met to approve the policy positions of the organization. A key policy is opposition to any proposal that increases or has the effect of increasing the tax burden on businesses. The policy has been in the organization's program of work in some form or fashion for decades, Juneau says, and has been applied against tax proposals of both Democratic and Republican governors. "A tax increase approaching a half-billion dollars levied on the business community at large definitely flies in the face of that principal goal of the organization for 2013," he writes. LABI plans to support Jindal's proposal for a state and local government commission for consolidated sales tax collections.
comments powered by Disqus
News roundup: Solar jobs in U.S. grew 20% last year … Spy agencies scour phone apps for personal data … Two charged in alleged Bitcoin laundering scheme
Building a legacy
Boeing to end pensions for non-union workers
Economy added 175,000 jobs in February