Jindal dismisses rumors of local business tax hike

Jindal dismisses rumors of local business tax hike
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Louisiana Politics

POSTED: Tuesday, May 7, 2013 - 6:45pm

UPDATED: Tuesday, May 7, 2013 - 6:49pm

Governor Jindal put the rumor of possible tax increases to rest.

The House of Representatives was considering a secret tax plan that would cost local businesses $500 million over four years at a cost of $1.3 billion.

The governor said this plan would have been the largest increase the state has seen since the 1980's and would be the worst thing Louisiana could do.

Jindal stated that Louisiana is among the fastest growing states economically, and he has no intention to set it back.

"It doesn't make sense to take dollars out of the pockets of our businesses and families," said Jindal. "It doesn't make sense to grow the government economy on the expense of the private sector economy."

The governor believes that if Louisiana were to pass this particular tax plan, it would send a negative message to potential new residents and employers.

  

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