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Jindal: no tax hike
So, is anybody dense enough still not to understand what Gov.-elect Bobby Jindal said he was going to try to achieve as governor, after a recent interview? To summarize:
No tax increases, considering Louisiana’s budget has almost doubled in size in six years even as the state’s population has declined (backing out recovery expenses still indicates a 40 percent increase with an almost 10 percent population decline)
Ethics reform which will focus on stricter reporting requirements for both legislators and lobbyists, dramatic curtailment of legislators being able to get contracts from the state or work as “consultants” otherwise, and better funding to accomplish these things on top of existing laws
Economic development that begins with cutting business taxes and hopefully ends in reduction of income taxes for both businesses and individuals, and emphasizing work force training.
A great start, but one never should be afraid to climb those golden stairs which is argued by the editorialists at the Alexandria Town Talk, definitely the outlet with the surest grasp of superior public policy of any media in the entire state. It recommends taking all money that constitutionally must be used to pay items such as underfunded roads and accrued liability for state retirees, construction (presumably for state, not legislator needs i.e. no more reservoirs), and coastal restoration – and debt reduction can be added to the list, too.
With monies of a recurring nature, it suggests tax cuts, a wise choice that will stimulate the economy that will create higher revenues for the future and will solve the practical political problem of avoiding breaching the state’s spending ceiling (current surplus estimates would require two-thirds legislative majorities to spend past a certain level which could bog down any good spending plan). Better still, it advises then a planned reduction in the size of government of 10 percent, more than justified by the higher number of state employees proportionate to the population than most states.
Now, all together, this sounds like a real plan for prosperity.
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