Comments for Jindal tax plan would keep incentive programs at http://www.theind.com , comment 1 to 1 out of 1 comments http://www.theind.com Sun, 19 May 2013 03:15:33 +0100 FeedCreator 1.7.3 http://www.theind.com/news/indreporter/12584-jindal-tax-plan-would-keep-incentive-programs#comment-27586 Of course Jindal wants to insure the “business incentives” granted will remain in tact. He has done an “excellent” job of “insentivetizing” corporate life in Louisiana-all at the expense of the working taxpayers. After all, corporate income taxes for 2011 were/are $500 million dollars less than corporate income taxes collected for 2008. (PG 35, 2012 LA DEPT OF REV REPT 2006/2011). Under Jindal's first term, corporate income taxes dropped 73.50%--like WOW. Louisiana's individual income tax collections for the same period dropped a poultry 26.37%(which is somewhat ironic when one takes into consideration the great economic leaps claimed by Jindal and the Jindanistas. Under such “expansive” economic growth, a perpetual claim of Jindal, one would assume individual income taxes collections would have stabilized or increased, but collections have not-but forgive me, I digress). Returning to the original subject matter: Jindal's approach from day one of his administration has been to balance the economic woes—woes largely created by his ineffective leadership-on the back of the average/middle class/wage earner of the state and to give corporations “free ride”. One is sure to find supporters of such a plan, especially among prominent business leaders and corporations doing business in Louisiana, i.e. , the financial base of Jindal's political ambitions. If anyone thinks such a program will be remotely successful, we only have to examine the long running economic crises among European countries. European countries have some of the lowest corporate income taxes in the world—much lower than the US. However, such “competitive taxes” have not produced the revenue necessary to maintain these countries existence. Granted, it can/will be coincided the European economic crises is a complex condition, that many factors contributed to and continue to contribute to the economic malaise in Europe-a treatise far to deep and complicated for presentation here. However, the main point one can glean from such an approach is that lower corporate taxation does not produce the corresponding increase in individual income taxes necessary to maintain government expenses. - Greg Foreman Wed, 16 Jan 2013 11:16:51 +0100