Louisiana Gov. Bobby Jindal, seen here speaking at CPAC 2013 in March, is calling for the state legislature to overhaul the state's tax code and eliminate income taxes. (Photo by Gage Skidmore)
As Louisiana Gov. Bobby Jindal continues to make news for his efforts to rework the state's tax laws, supporters and critics are lining up to rally behind or rail against Jindal’s plan. In an effort to parse what this would mean to the state, Tulane economists will hold a public roundtable discussion
on Thursday (Apr. 18).
As it stands now, the governor is calling for the elimination of the personal income tax as well as the corporate income and franchise taxes. Jindal dropped his original “tax swap” plan that would have replaced income tax revenue by raising the sales tax rate, extending the sales tax to services and increasing the tax on cigarettes, but his administration says his top priority is still to “overhaul the tax code and eliminate income taxes.”
The Tulane panel, which includes James Alm, professor and chair of the economics department; Steven Sheffrin, director of the Murphy Institute; and Nora Lustig, the Samuel Z. Stone Professor of Latin American Economics, will highlight state tax structures, the consequences of shifting tax bases on inequality and income distribution, and the implications of changing the tax codes. The professors will also field questions from the audience.
The roundtable discussion, sponsored by the Murphy Institute
, will be held from noon to 1:30 p.m. in Rogers Memorial Chapel, and it is free and open to the public.