1 00:00:09,900 --> 00:00:12,333 >>> SUPPORT FOR THIS PROGRAM IS 2 00:00:12,333 --> 00:00:14,567 PROVIDED BY THE FOUNDATION FOR 3 00:00:14,567 --> 00:00:16,067 EXCELLENCE IN LOUISIANA PUBLIC 4 00:00:16,133 --> 00:00:18,367 BROADCASTING. 5 00:00:20,200 --> 00:00:36,333 ** 6 00:00:37,700 --> 00:00:39,667 >>> HELLO AND WELCOME TO 7 00:00:39,667 --> 00:00:40,633 "LOUISIANA PUBLIC SQUARE," I'M 8 00:00:40,700 --> 00:00:42,633 BETH COURTNEY, PRESIDENT OF THE 9 00:00:42,700 --> 00:00:44,233 LOUISIANA PUBLIC BROADCASTING. 10 00:00:44,300 --> 00:00:48,033 >>> AND I'M ROBERT TRAVIS SCOTT, 11 00:00:48,033 --> 00:00:49,200 PRESIDENT OF THE PUBLIC AFFAIRS 12 00:00:49,200 --> 00:00:50,133 RESEARCH COUNCIL OF LOUISIANA. 13 00:00:50,133 --> 00:00:52,033 IN 2002, A STATE REPRESENTATIVE 14 00:00:52,033 --> 00:00:53,500 FROM LAKE CHARLES PUSHED THROUGH 15 00:00:53,500 --> 00:00:55,233 LEGISLATION THAT ELIMINATED THE 16 00:00:55,233 --> 00:00:56,933 STATE SALES TAX ON FOOD AND 17 00:00:57,000 --> 00:00:59,267 UTILITIES, WHILE MAKING UP LOST 18 00:00:59,267 --> 00:01:01,667 REVENUE THROUGH INCREASED INCOME 19 00:01:01,667 --> 00:01:04,900 TAX RATES ON HIGH WAGE EARNERS. 20 00:01:05,000 --> 00:01:06,733 THE SO-CALLED STELLY PLAN WAS 21 00:01:06,800 --> 00:01:08,833 APPROVED BY THE STATE'S VOTERS. 22 00:01:08,833 --> 00:01:12,233 AFTER SIX YEARS UNDER GOVERNORS 23 00:01:12,233 --> 00:01:14,833 BLANCO AND JINDAL, LAWMAKERS HAD 24 00:01:14,833 --> 00:01:17,733 REPEALED ALL BUT THE SALES TAX 25 00:01:17,733 --> 00:01:18,267 EXEMPTIONS. 26 00:01:18,267 --> 00:01:23,533 >> THIS SESSION GOVERNOR JINDAL 27 00:01:23,533 --> 00:01:26,833 IS PROPOSING A TAX SWAP OF A 28 00:01:26,833 --> 00:01:27,767 DIFFERENT KIND OF DIFFERENCE IN 29 00:01:27,767 --> 00:01:29,033 REVENUE WOULD BE REPLACED 30 00:01:29,033 --> 00:01:30,733 THROUGH A BROADENING AND 31 00:01:30,733 --> 00:01:32,833 INCREASE OF STATE SALES TAX. 32 00:01:32,833 --> 00:01:34,000 WHAT COULD THESE CHANGES MEAN 33 00:01:34,000 --> 00:01:36,567 FOR LOUISIANA'S FAMILIES, 34 00:01:36,567 --> 00:01:39,900 BUSINESSES AND MUNICIPALITIES? 35 00:01:40,000 --> 00:01:40,900 >> TONIGHT WE EXPLORE THESE 36 00:01:40,900 --> 00:01:42,133 ISSUES AND MORE ON "TAX REFORM 37 00:01:42,200 --> 00:01:42,667 2013." 38 00:01:42,667 --> 00:01:46,300 BUT FIRST, SOME BASICS. 39 00:01:46,300 --> 00:01:47,833 >> IF GOVERNOR JINDAL'S 40 00:01:47,833 --> 00:01:49,233 LEGISLATIVE AGENDA PASSES, COME 41 00:01:49,233 --> 00:01:51,333 JANUARY OF NEXT YEAR STATE 42 00:01:51,333 --> 00:01:52,733 INCOME TAX RETURNS WILL BE A 43 00:01:52,733 --> 00:01:54,067 THING OF THE PAST, AND STATE 44 00:01:54,067 --> 00:01:55,700 SALES TAXES WILL EXPAND AND 45 00:01:55,700 --> 00:01:56,800 INCREASE. 46 00:01:56,867 --> 00:01:58,000 >> BASICALLY WHAT THE GOVERNOR 47 00:01:58,000 --> 00:02:01,667 IS PROPOSING IS A TAX SWAP. 48 00:02:01,667 --> 00:02:03,267 >> BARRY ERWIN HEADS THE COUNCIL 49 00:02:03,267 --> 00:02:06,133 FOR A BETTER LOUISIANA. 50 00:02:06,133 --> 00:02:07,733 >> WE WOULD GET RID OF OUR 51 00:02:07,733 --> 00:02:08,767 CORPORATE AND PERSON INCOME 52 00:02:08,767 --> 00:02:11,033 TAXES AND REPLACE THAT REVENUE 53 00:02:11,100 --> 00:02:13,133 WITH AN EXPANSION IN A VARIETY 54 00:02:13,133 --> 00:02:15,633 OF WAYS OF CONSUMPTION TAXES. 55 00:02:15,633 --> 00:02:18,633 >> THE GOVERNOR'S PLAN WOULD 56 00:02:18,633 --> 00:02:21,033 REPLACE THE LOST REVENUE BY 57 00:02:21,033 --> 00:02:22,500 INCREASING THE STATE SALES TAX 58 00:02:22,567 --> 00:02:26,933 FROM 4% TO 5.88%. 59 00:02:26,933 --> 00:02:28,933 BROADENING THE TAX TO COVER 37 60 00:02:28,933 --> 00:02:31,133 NEW CATEGORIES OF SERVICES AND 61 00:02:31,133 --> 00:02:33,333 REFORM ARE AND ELIMINATING OVER 62 00:02:33,333 --> 00:02:35,133 200 TAX EXEMPTIONS, INCLUDING 63 00:02:35,133 --> 00:02:36,933 THE MOVIE TAX CREDIT AND SOME 64 00:02:36,933 --> 00:02:38,800 OIL AND GAS DEDUCTIONS. 65 00:02:38,933 --> 00:02:40,533 THE CIGARETTE TAX WOULD JUMP 66 00:02:40,533 --> 00:02:43,933 FROM 34 CENTS TO $1.41 PER PACK. 67 00:02:43,933 --> 00:02:46,300 LOW WAGE EARNERS AND STATE 68 00:02:46,300 --> 00:02:48,833 RETIREES WHO DON'T MAY INCOME 69 00:02:48,833 --> 00:02:52,167 TAXES ON RETIREMENT INCOME WHO 70 00:02:52,167 --> 00:02:53,167 WOULD RECEIVE REBATES. 71 00:02:53,167 --> 00:02:57,167 >> I THINK THE GOVERNOR'S