Day two of the 2013 legislative session has come to a close, and many lawmakers are ready to work with Governor Bobby Jindal on a new tax plan, after the governor scrapped his original tax swap proposal.
Even though Governor Jindal repealed his own tax plan, he is still asking lawmakers to phase out income taxes in Louisiana. Both Democrats and Republicans are prepared to debate over what they think a tax plan should include and not include.
Rep. Simone Champagne, R-Jeanerette, says she really likes the idea of a phase-out of income taxes, but does not want to raise any taxes to off-set the $3 billion lost if income taxes were repealed.
Champagne says she would rather look at exemptions and repeal the ones that are not working. Rep. Terry Landry, D-Lafayette, says getting rid of income taxes is not the way to go and he does not think he can support that.
Landry says he has a plan that does not get rid of income taxes but rather lowers income taxes on those most vulnerable based on a person's salary from 2 percent up to 6 percent if you make over $200,000 a year.
Tim Barfield, executive counsel for the Department of Revenue, told a Senate committee Tuesday that since Governor Jindal is supporting an income tax phase-out over several years, the loss of the revenue doesn't have to be entirely offset.