Ten years ago this month, President George W. Bush signed the Renewable Fuel Standard into law, implementing regulations that require companies to blend specific amounts of renewable fuels into gasoline. No state benefits more from the RFS than Iowa, and with the Iowa caucuses six months away, presidential candidates are already pandering, flip flopping, or […]
If you want to design from scratch a tax system that makes sense practically and philosophically, you could hardly do better than the one Louisiana governor Bobby Jindal proposed this week as part of his presidential campaign. I spoke to him about his plan in a one-on-one interview Thursday night. Jindal’s tax-reform proposal is well […]
Some of the features of Bobby Jindal’s recently released tax plan – fewer tax brackets, ending the estate tax, and eliminating itemized deductions – should be familiar from other Republican candidates’ tax plans. But a few elements of Jindal’s plan stand out from the rest of the field. Specifically, Jindal would significantly change the tax […]
This week, Governor Bobby Jindal released details of a tax reform plan. This plan would reduce individual income tax rates, lowering the top rate from 39.6 percent to 25 percent while eliminating both the standard deduction and personal exemption. The plan would also eliminate the corporate income tax. In addition, the plan would eliminate the […]
Bobby Jindal has released his tax plan and it’s a rather strange one from a certain point of view. For it has within it something very good, the complete abolition of the corporate income tax. And then it backs it up with something that is economically dubious at best and politically entirely toxic. Which is […]