State Sen. Rob Marionneaux got his bluff called and he doesn’t like it, exactly the opposite reaction of what should come from true fiscal conservatives in regards to his bill that now eliminates income taxes over time and promises to reduce the size of government.
Marionneaux offered up SB 259, which in amended form reduced by a tenth state individual and corporate income taxes annually starting in fiscal year 2012-13. But it further got amended on the Senate floor to force a commission to come up with a cost-cutting plan to offset static revenue losses that must gain legislative approval before the beginning of that fiscal year in order for the snipping to begin.
Which perturbed Marionneaux to no end, as he thundered about how it was a hidden effort to derail the idea of wiping out the taxes.