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Foster Campbell on Tax Reform

 

 


Make sure the super-rich pay their fair share

Q: In order to balance the budget, do you support reducing defense spending?

A: No

Q: In order to balance the budget, do you support an income tax increase on any tax bracket?

A: No. I want a balanced plan that makes sure the super-rich pay their fair share, and that means we have to examine waste and fraud in both corporate give-aways and all spending programs.

Q: Do you support federal spending as a means of promoting economic growth?

A: Yes

Q: Do you support lowering taxes as a means of promoting economic growth?

A: Yes

Q: Do you support providing tax incentives to businesses for the purpose of job creation?

A: Yes. But these need more accountability and adequate oversight.

Source: VoteSmart 2016 Louisiana Senate Political Courage Test , Nov 1, 2016

Eliminate the personal and corporate income taxes

Gubernatorial candidate Foster Campbell said that Louisiana citizens shouldn't despair about tax cuts vetoed by Governor Blanco because he'll provide much greater tax relief by eliminating the personal and corporate income taxes. Campbell said the income-tax elimination "will provide the largest tax cuts ever made in Louisiana and will spark a huge economic boom that will benefit both businesses and individual Louisianians."

"Although the Louisiana Legislature refused to override the Governor's vetoes," Campbell said, "they can take comfort in the fact that they'll keep even more of their hard-earned money when I'm elected Governor." Campbell has proposed instituting a 6% fee on oil and gas processed in Louisiana, most of it from foreign nations and companies, to make up for the income-tax elimination. Together, the personal and corporate income taxes provide $3.1 billion annually to the state. The processing fee will yield at least $5.5 billion each year.

Source: 2016 La. Senate campaign website press release , Jul 25, 2007

Other candidates on Tax Reform: Foster Campbell on other issues:
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Cedric Richmond
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