As lawmakers prepare to vote on phasing out Louisiana's income tax, Governor Bobby Jindal holds a news conference today to discuss the issue. 

The WWL State Capitol Bureau has learned that a compromise is in the works.

The current bill calls for phasing out all Louisiana income taxes over the next ten years.  Jindal has said he supports tax cuts if they come with matching spending cuts.

The estimated cost of the phase out is $4 billion over ten years.

The House Ways and Means Committee gathers at 1:00pm and is expected consider the compromise legislation and send it to the House floor.