Bobby Jindal // Current TV

Snapshot Series — Upside Down Or Rightside Up, GOP Has Learned Little From The 2012 Election

And they wonder why Oscar is grouchy.

mfb1949
added this
4 months ago
|
0 comments

Louisiana’s GOP Governor Bobby Jindal Looks Into A Mirror And Calls The Republican Party “The Stupid Party”

Mirror, mirror on the wall who's the wing-nuttiest of them all . . .?... more

mfb1949
added this
4 months ago
|
2 comments

Snapshot Series : Louisiana Governor Bobby Jindal Unveils The New Face Of The Republican Party

It's a humdinger too!... more

mfb1949
added this
4 months ago
|
0 comments

BOBBY JINDAL’S RECENT TAX PROPOSAL WILL CUT TAXES FOR THE RICH, RAISE TAXES ON THE POOR/ELDERLY

Conservatives LOVE to talk about the flat tax. There are very few things that will make a conservative get hot and bothered more than the idea of transitioning away from a progressive tax system to a regressive tax system that taxes everyone equally. Governor Bobby Jindal (R-LA) has proposed to eliminate the state income tax and all corporate taxes in exchange for a “revenue neutral” 4 to 7% increase in sales taxes on Louisiana consumers. Most people who can’t count think this is GREAT, and it is – if you’re wealthy. The fact remains that what Governor Jindal is proposing despite all of his rhetoric is simply a tremendous tax increase on the middle class and poor.

Let’s start with some basic math. A person making $25k a year is most likely spending 100% of their income (or more). Very few people in the middle to lower classes are actually saving a dime. A large % of Louisiana cities, counties and special districts charge 9% sales tax or more presently (source); Governor Jindal’s tax plan would make the average sales tax something closer to 15%. So – if you’re making 25k … you actually aren’t paying federal income taxes – just FICA which is going to leave you with around $23,500. Now – most people are going to spend every single penny of income they earn which means a person making $25k a year (after FICA) would pay $3,525 in state taxes under Governor Jindal’s new sales tax plan if the sales tax is only 15%.

Under the existing tax structure – Louisiana residents who make $25k a year pay 4% of all of their income to the state. So – let’s do the math. 4% on 25k is $1k in income taxes. If you take the $23,500 (after FICA) then subtract the $1k in state income taxes that leaves Lousiana residents with $22,500 to spend. Assuming the Louisiana resident spends 100% of their income just like in situation A – sales taxes would be $2,032. Under existing law – a Louisiana resident would pay $3,032 compared to Governor Jindal’s hidden $500 a year tax increase.

What makes this absolutely insulting is that while Governor Jindal’s plan raises taxes on the middle class and poor – it cuts them for the rich. Moving to a consumption tax means the only money that’s taxable is what is spent. If you take a millionaire and you apply the same thought process but assuming they save 25% of their income … the millionaire gets a tax cut. And the more you make – the bigger the tax cut. Period. Now some may think it doesn’t matter to them if they don’t live in Louisiana. But mark my words – if Governor Jindal is able to do this … more Republican Governors will follow. Taxing the poor more and reducing taxes on the rich i.e. “lower the rates, broaden the base” is the conservative wet dream.

http://www.classwarfareexists.com/bobby-jindals-recent-tax-proposal-will-cut-taxes-for-the-rich-raise-taxes-on-the-poorelderly/Conservatives LOVE to talk about the flat tax. There are very few things that will... more

regroce
added this
4 months ago
|
0 comments

Fiscal Cliff: Republicans Will Lose - The Omnipotent Poobah Speaks!The Omnipotent Poobah Speaks!

So far, I've abstained from posts about the Fiscal Cliff or Fiscal Crag or Hoar... more

omnipotentpoobah
added this
5 months ago
|
0 comments

Our Fool Proof Plan for Fixing The Republican Party

While political bobbleheads like Louisiana Governor Bobby Jindal broker for power... more

ThisAmericanBacon
added this
6 months ago
|
0 comments

Shuster's picks: The 7 men on Romney's VP short list

By David Shuster / current.com / @DavidShuster There are now several reports that... more

ctv
added this
10 months ago
|
5 comments

Louisiana GOP Rep.: School Vouchers for Religious Schools…Unless Your Muslim

It’s imperative for people to understand that when right-wingers talk about... more

StewSteve
added this
10 months ago
|
1 comment

Mississippi River at Vicksburg and Natchez finally crests (Photos)

After several weeks of rising, surpassing its all-time historic high water levels at... more

stormchaser4850
added this
1 year ago
|
0 comments

Mississippi River, Yazoo River crests lowered at Vicksburg, Natchez, Yazoo City

The National Weather Service in an updated river forecast Wednesday morning lowered... more

stormchaser4850
added this
2 years ago
|
0 comments

Port in Natchez shutdown to barge traffic due to record Mississippi River flooding

Authorities shutdown the Mississippi River at the port in Natchez due to the record... more

stormchaser4850
added this
2 years ago
|
0 comments

Backwater from Mississippi River pushes Yazoo River to 2nd record highest level

The historically high water levels on the Mississippi River has forced the Yazoo... more

stormchaser4850
added this
2 years ago
|
0 comments

Mississippi River rises to highest level ever at Vicksburg; breaks 1927 record

The Mississippi River early Sunday morning rose to its highest level ever at... more

stormchaser4850
added this
2 years ago
|
3 comments

Historic Morganza spillway opening to divert Mississippi River flooding (Video)

Army Corps of Engineers took the rare step and slowly opened a massive floodgate on... more

stormchaser4850
added this
2 years ago
|
0 comments

Mississippi River spills into several Warren and Claiborne County neighborhoods

As the Mississippi River continues its historic rise, neighborhoods and roads in the... more

stormchaser4850
added this
2 years ago
|
0 comments

Bobby Jindal’s Wife’s Nonprofit Received More Than $113 Million In State Payments - More "Pigs" at the troth!

A charitable foundation set up by Louisiana Gov. Bobby Jindal’s wife has... more

joeeddy
added this
2 years ago
|
0 comments

Jindal Says He'll Serve Out Full Term If Reelected This Year

The New Orleans Times-Picayune reports, "Deflecting criticism of his out-of-state... more

Radical_Centrist
added this
2 years ago
|
0 comments

Bonnie weakens to a tropical depression; Mississippi Gulf Coast under a State of Emergency

After making landfall on the Southern Coast of Florida in Miami Dade County with... more

stormchaser4850
added this
2 years ago
|
0 comments

Bobby Jindal Signs 'Guns-In-Mosques' Bill Into Law

Gov. Bobby Jindal has signed into law one of the more controversial bills from the... more

toyotabedzrock
added this
2 years ago
|
0 comments

BOBBY JINDAL SHOWING LOUISIANA'S OIL CRISIS IS NOT OBAMA'S KATRINA

http://www.youtube.com/watch?v=QFK8aTpYAmg Jindal is calling on the president to... more

freecrack
added this
2 years ago
|
1 comment

select your country

Community Spotlight

TAGS

tagged w/ Bobby Jindal

top videos

find current on tv

find current online

recent comments

© 2013 Current TV, LLC All Rights Reserved

the basics

follow us online

tools

stay in touch

© 2013 Current TV, LLC
All Rights Reserved