Bobby Jindal: Abolish corporate taxes, raise sales taxes by 75 percent [View all]

[Report1212]

Sounds fair?

The local press is reporting that, in order to keep his proposal revenue neutral, Jindal is considering hiking the state sales tax from 4 to 7 percent. That’s a 75 percent increase in a tax primarily paid for by the middle and working class. This would involve a huge shift in tax responsibilities from the rich — the state currently has three income tax brackets which require wealthier citizens to pay more — to the rest of Louisiana.

Read more: http://boldprogressives.org/louisiana-governor-proposes-eliminating-all-corporate-income-taxes-shifting-taxes-to-middle-class/#.UPGynCdEGSo