Valin Posted January 14, 2013 Share Posted January 14, 2013 Reuters: Nanette Byrnes Jan 13, 2013 (Reuters) - Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments - some far-reaching - are fast taking shape. Across the South and Midwest, Republicans have consolidated control of state legislatures and governorships, giving them the power to test long-debated tax ideas. Louisiana Republican Governor Bobby Jindal, for instance, called on Thursday for ending the state's income tax and corporate taxes, with sales taxes compensating for lost revenue. A similar plan is being pushed by Republicans in North Carolina. Kansas, which cut its income tax significantly last year, may trim further. Oklahoma, which tried to cut income taxes last year, is expected to try again. (Snip) Link to comment Share on other sites More sharing options...
Valin Posted January 14, 2013 Author Share Posted January 14, 2013 All I can say is Thank Goodness that the Democrats are in control of the State Government here in Minnesota! Otherwise..... Link to comment Share on other sites More sharing options...
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