Jindal’s secret tax memo Friday, Feb 8 2013
1 3:31 pm
Picture of Jindal meeting with leges
Advocate reporter Michelle Millhollon secured a copy of Bobby Jindal’s secret memo outlining what taxes he plans to raise. ( See report here.)
Jindal has been circulating the memo in smoked-filled rooms with leges.
Based on the information in Michelle’s story here are some key figures:
– Raising the cigarette tax by a dollar a pack will generate approximately $300 Million.
– Raising the state sales tax by 1.78 cents will generate approximately $1.3 Billion.
– That leaves roughly $1.4 Billion to be raised by other tax increases.
Hold on to your wallets!
Kudos to Michelle!