Jindal administration backs tax cut
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Gov. Bobby Jindal and his top legislative leaders announced at a press conference this morning that they are backing a $300 million tax cut but not the elimination of the state income tax.
“This is a permanent tax cut. It won’t be undone by this administration,” Jindal said during a press conference at the State Capitol.
Jindal is supporting the original form of Senate Bill 87, which began as legislation that would revise some of the income tax brackets the Stelly plan changed.
The Stelly plan, named for the former legislator who drew up the measure, phased out state sales taxes on necessities while increasing income taxes for some wage earners.
Jindal wants to delay the tax break to begin in Jan. 1, 2009. Taxpayers would not get savings until they file their income tax returns in 2010.
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