Tax Revolution Taking Shape in Many States: Conventional Income Tax QuestionedSubmitted by Bob-45 on Mon, 01/14/2013 - 00:37
January 13th, 2013
Published on January 13th, 2013
By Nanette Byrnes
CHAPEL HILL, North Carolina
(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.