Fax Weekly at http://www.lapolitics.com/index.php
“Backed into supporting a bill to cut up to $300 million in income taxes, Gov. Jindal told a Shreveport radio station he will sign the bill if it reaches his desk. But he wants the Legislature to make the budget cuts to keep it in balance.
On Tuesday, the Senate debates what has suddenly become the hottest bill of the session, SB 87, which would lower the income tax brackets to the levels before they were increased by the Stelly tax swap plan of 2002. The potentially severe fiscal impact of the bill caused the Jindal administration to oppose it in Revenue & Fiscal Affairs Committee on Monday. That stand caused Jindal to be blistered on conservative talk radio, where reversing the increases from the Stelly plan has been a cause celebre since it was enacted.”
Thanks for the background.