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Title: Jindal packs it in & turns out the light
Source: Business Insider
URL Source: http://www.businessinsider.com/bobb ... drops-out-of-2016-race-2015-11
Published: Nov 17, 2015
Author: Maxwell Tani
Post Date: 2015-11-17 18:23:04 by Willie Green
Keywords: None
Views: 3515
Comments: 20

Louisiana Gov. Bobby Jindal (R) is ending his presidential bid.

In an interview on Fox News on Tuesday, Jindal announced that he is suspending his campaign for president.

"I’ve come to the realization that this is not my time," Jindal told Fox News host Brett Baier.

Jindal says that once his term is up, he will go to work at a think tank, crafting conservative policy solutions to major issues.

Once a rising star in the party, Jindal has failed to gain traction in the polls. A recent poll of Louisiana voters showed Jindal losing to Democratic front-runner Hillary Clinton in his own state, with Clinton gaining 45 percent of likely voters to Jindal 's 42% support.

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Begin Trace Mode for Comment # 19.

#1. To: Willie Green (#0)

In his first term, Governor Bobby Jindal rejected federal funds for a high-speed rail study. Congratulations, Willie!

Roscoe  posted on  2015-11-17   19:15:12 ET  Reply   Untrace   Trace   Private Reply  


#9. To: Roscoe (#1)

In his first term, Governor Bobby Jindal rejected federal funds for a high-speed rail study.

Willie Green  posted on  2015-11-18   8:19:23 ET  Reply   Untrace   Trace   Private Reply  


#10. To: Willie Green (#9)

Jindal rejects $300 million in stimulus money for high-speed rail

Roscoe  posted on  2015-11-18   10:00:28 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Roscoe (#10)

How Bobby Jindal Wrecked Louisiana

Willie Green  posted on  2015-11-18   10:39:15 ET  Reply   Untrace   Trace   Private Reply  


#19. To: Willie Green (#11)

Facing growing momentum for some sort of tax cut, Gov. Bobby Jindal and legislative leaders agreed Wednesday to roll back the 2002 Stelly plan income tax increases starting in 2009.

Details of Stelly Plan[edit]

Under the Stelly Plan, the state sales tax on food for home consumption and the sales tax on natural gas, electricity, and water for residential use was lowered on January 1, 2003, from 3.9 cents to 2 cents per dollar. Taxes on those items were then eliminated on July 1, 2003. To replace revenue lost through Stelly, individual income tax brackets were adjusted upward. Because individual tax returns for taxable year 2003 were not filed until after January 1, 2004, the withholding tax tables were revised, and the new rates went into effect on January 1, 2003.[2]

Stelly did not affect local sales taxes on food. Only food requiring preparation at home was covered by the reduction in state sales tax. Single-use portions or restaurant meals were not affected by the Stelly Plan. Prescription drugs were already exempt from sales taxes, but Stelly placed that exemption in the state Constitution. Louisiana does not exempt over-the-counter drugs from sales tax, but such items are exempt in neighboring Texas. Stelly also allowed the tax owed by the individual to be distributed over the year 2003. The increase in taxpayer withholding was to have been the same as the savings realized from the elimination of sales taxes under the Stelly Plan. Taxpayers making approximately $80,000 annually saw increases in total state taxes.[2]

Repeal[edit]

After years of criticism from those who faced higher taxes as a result of the Stelly Plan, the Louisiana State Legislature in 2008 repealed Stelly. The highest income brackets were returned to the level they were prior to 2003. The tax reduction began in 2009, but the state revenue department did not alter the withholding on individual income tax tables until July 1 of that year. Hence individuals did not receive more disposable income in their paychecks until after July 1 unless they had individually requested that their employers adjust their tax schedules prior to July. The repeal of Stelly could cost the state treasury some $358 million in taxes for the 2009-2010 fiscal year and somewhat less for each year thereafter.[3]

Hmmmmm...

CZ82  posted on  2015-11-20   7:50:14 ET  Reply   Untrace   Trace   Private Reply  


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