Jindal aims at ending income tax in Louisiana
Washington: Indian-American Governor of Louisiana Bobby Jindal Saturday proposed to end individual and corporate income tax, which he argued would be able to attract more investment and people to his State.
"My goal is to eliminate all personal income tax and all corporate income tax in a revenue neutral way, and keep the sales tax as low and flat as possible," Jindal announced, which drew sharp reaction from some of the State lawmakers.
"This will keep more money in the pockets of Louisianians and send a message to businesses across the globe that Louisiana is open for business," he said in an email to his people in the State.
Study after study shows that states with no income tax or low income tax rates have more population and more job growth than states with higher tax rates, he said.
"We`ve already proven that we can compete with other states around the country to win economic development projects, but eliminating personal and corporate income taxes will put Louisiana in an even stronger position to attract companies that want to invest and create jobs," Jindal argued.
But some lawmakers responded his proposal with caution.
"I think that there are some promising concepts here, but we`re still talking about concepts. I`m not going to be anywhere until I see the specific language," said State legislator Chris Broadwater, a member of the House Ways and Means Committee, the tax-writing panel.
Elimination of income tax is not a new phenomenon in the US. Several States like Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming have no income tax.
Some of these States make up for income tax by imposing a higher property tax or increase in sales tax.
More from India
More from World
More from Sports
More from Entertaiment
- Indian- Americans launch online petition to declare Pakistan 'sponsor of terrorism'
- DNA: Analysis over who is responsible for tense condition of Kashmir after Burhan Wani's death?
- EU warns Pakistan of political and economic sanctions over atrocities in Baloch
- Should Pakistani artists be restricted from working in India?
- Congress workers thrash students for showing black flags to Rahul Gandhi in Raebareli
- Uri attack: Israel ready to help India with cutting-edge technology to secure borders
- India's Rafale vs Pakistan's F-16: Why the French fighter jet is the best choice for dogfight
- All you need to know about Reliance JioFi at Rs 1,999 – use free data till December 31
- India's Balochistan push works, European Parliament warns Pakistan of sanctions over atrocities on Balochi people
- If you have guts, send your suicide bombers to Pakistan: Samajwadi Party to MNS' Raj Thackeray