Tuesday, May 24, 2011

I hope they pass it

Just because it will be fun if they can make Jindal veto this.
BATON ROUGE -- Louisiana's billion-dollar-plus revenue shortfall notwithstanding, some lawmakers in both chambers suddenly have a fever for repealing the state's personal and corporate income taxes.

Don't get me wrong. It's probably not the world's greatest idea. Although the below-mentioned Foster Campbell ran for Governor in 2007 proposing to drop the income tax and replace it with new severance taxes on oil and gas companies which actually would be pretty nice, one gets the impression that this Legislature is a little too industry friendly to let something like that happen.

More likely the budget gap would be made up through a combination of horrifying cuts to education and health services as well as hikes in various "fees" here and there. Especially now that the silver bullet scheme of selling aborted stem cells on eBay is safely out of bounds.

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