LABI opposes current structure of Jindal tax plan - KPLC 7 News, Lake Charles, Louisiana

LABI opposes current structure of Jindal tax plan

Associated Press

BATON ROUGE, La. (AP) - Louisiana's largest business lobbying group says it opposes Gov. Bobby Jindal's tax system rewrite as it's currently structured because the plan would shift new tax costs to businesses.

Dan Juneau, president of the Louisiana Association of Business and Industry, said Wednesday that his organization cannot support any proposal that "would be balanced on the backs of the business community."

Jindal proposes to eliminate income taxes on individuals and businesses. To keep the plan "revenue neutral," it would raise sales taxes and charge sales taxes on an array of services, including many services on which businesses rely.

Jindal's leader on the tax overhaul, Tim Barfield, told lawmakers the governor's proposal would move $500 million in tax costs from residents to businesses. Barfield says companies would benefit from increased stability and transparency.

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