Tuesday, March 20, 2012

Tax Exemptions Skyrocket on Jindal’s Watch

Photo courtesy of draketoulouse.com
February 19, 2012 by tomaswell

"As incredible as that might sound, consider his (Gov. Bobby Jindal's) veto last year of a 4-cent-a-pack cigarette tax because he didn’t want to impose any new taxes.

Forget for the moment that the cigarette tax was a renewal, not a new tax.

And forget, if you will, that he was not opposed to an increase in college tuition because, in his words, it was not a tax but a fee.

Forget, too, that his veto of the cigarette tax was in effect turning his back on $50 million a year in badly-need revenue—$12 million directly from tax revenue and an additional $38 million in federal matching funds.

And finally, don’t remind him of his bumbling, stumbling, fumbling of two federal grants totaling $140 million. Those included $60 million in funding for early childhood education and $80 million to fund broadband internet connection to 21 rural parishes.

And the reason there is a crisis in the state retirement systems is because the Legislature and Jindal simply reneged on the state’s contribution requirements."

Read the entire article here.

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