Bobby Jindal kills controversial tax plan
Louisiana Gov. Bobby Jindal scrapped a plan to replace income and corporate taxes with a new sales tax, following public outcry and a precipitous drop in his approval ratings.
The New Orleans Times-Picayune reports that Jindal announced that he will pull his plan in a speech opening this year's legislative session, telling state lawmakers that he will not "pout" or "take his ball and go home." From the Times-Picayune:
The speech is a major concession that Jindal's proposal, a complicated plan contained in a total of 11 bills, is unpopular both within and outside the Legislature. The proposal has come under increasingly heavy fire in recent weeks as business groups and advocates for the poor have assailed its effects and think tanks have questioned whether the math in the proposal adds up.
Jindal acknowledges the strong opposition to the proposal in his prepared remarks.