Gov. Bobby Jindal is proposing to eliminate Louisiana’s income and corporate taxes and pay for those cuts with increased sales taxes, the governor’s office confirmed Thursday. The governor’s office has not yet provided the details of the plan. [...]
Jindal said the plan would be revenue-neutral and that the goal would be to keep sales taxes “as low and flat as possible.”
Of course this would disproportionately hurt poorer Louisianans and help wealthier Louisianans. Why? Poor people spend as much if not more than what they earn. Rich people spend only a small fraction of what they earn. Bottom line: this is nothing more than a Poor Tax.