The good news for him is he probably doesn't care all that much. Anyway, he's probably not going to be able to
make these business groups agree to pay their taxes.
BATON ROUGE, La. (AP) - Louisiana's business-lobbying groups are
calling a centerpiece of Gov. Bobby Jindal's budget proposal a
multimillion-dollar tax hike on business, pitting the governor against
powerful industry leaders in the upcoming legislative session.
The
Republican governor wants to lessen spending on refundable tax credits,
in which the state pays out more than the taxes a person or business
owes. He proposes to use the savings to pay for public colleges and
health care services in the fiscal year that begins July 1, as he looks
for ways to close a $1.6 billion budget gap.
Business
organizations object to the most expensive tax break targeted: the
inventory tax credit, which refunds businesses for paying local property
taxes on their inventory. Jindal wants to limit the credit to only
cover a business' state tax liability, which the administration
estimates would save the state as much as $377 million annually.
Maybe someone else can.
State Sen. Ben Nevers and Rep. Harold Ritchie, both Democrats from Bogalusa, have introduced similar bills calling for a new tax on the oil and natural gas industry.
The purpose of the legislation is to direct more money to higher
education and health care services -- which are facing drastic cuts next
year.
"We wanted to make sure the topic was discussed on both sides of the Legislature," Nevers said.
Nevers and Ritchie's measures call
for at least $300 million from the proposed oil and gas tax to be spent
on higher education, $250 million to go to health care services, $80
million to go to prekindergarten or early childhood programs, $250
million to go to state employee retirement benefits and $150 million to
go to transportation needs.
Although probably not.
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