Sunday, January 13, 2013

U.S. states flirt with major tax changes


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.

Read more: http://www.reuters.com/article/2013/01/13/us-usa-tax-states-idUSBRE90C08C20130113

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