State of Louisiana Archives: on Corporations


John Bel Edwards: Provide regulatory relief for small business

I am asking you to create a Louisiana Small Business and Entrepreneurship Council charged with helping small businesses remain competitive in Louisiana. We are cutting through the red tape and giving small businesses regulatory relief that costs them money and are overly burdensome. Louisiana ranks as the 6th worst in the nation for convoluted occupational licensing requirements. We can fix that. To ensure we are maximizing our efforts to provide regulatory relief, I have directed my cabinet to review all regulations, especially related to small businesses, and identify areas where can provide relief.
Source: 2018 Louisiana State of the State address Mar 12, 2018

John Bel Edwards: 80% of C-corps pay no state tax; that's just not right

Our corporate income tax structure is broken. It is far too laden with credits, exemptions, and deductions that put too much of the burden of funding critical state services on individuals. In fiscal year 2015, 80% of Louisiana corporations did not pay any state income tax. For C corps, those businesses that are taxed at the entity level, 80,000 out of 101,000 did not pay any income taxes. That's just not right. Basic fairness demands that we do better.

My proposal will ensure that those 80,000 C corps that pay no income taxes do their part. The Commercial Activity Tax--or CAT--is based on gross receipts, but will be a minimal graduated amount for businesses with gross receipts of less than $1.5 million. Corporations with receipts of over $1.5 million will pay 0.35% of their gross receipts.

For all other businesses in Louisiana--S corps, LLCs and partnerships, there will be no percentage tax. These entities will instead be assessed with a set and graduated tax, based on their gross receipts.

Source: 2017 Louisiana State of the State address Apr 10, 2017

Thomas Clements: Eliminate corporate tax to create jobs & avoid more debt

Q: Do you agree or disagree with the statement, "Stimulus better than market-led recovery"?

A: US National Debt over 19.4 [trillion dollars] is bankrupting us. Refurbish job killing tax code to boost our economy and eliminate corporate income tax to create jobs. Fiscally responsible Americans.

Source: Email interview on 2016 Louisiana Senate race by OnTheIssues Jul 31, 2016

Charles Melancon: Supported $30 billion small-business lending fund

Melancon voted for the Small Business Tax and Lending Bill, which established a $30 billion small-business lending fund administered by the U.S. Treasury. The money was directed to community banks to lend to small businesses.

Melancon is a former small businessman, having operated an insurance agency and several ice cream stores. "I had to worry about making payroll and staying in business and creating jobs," Melancon said.

Vitter didn't vote on the measure, saying his absence was equal to a "no" vote. The bill passed.

Vitter, who sits on the Senate Small Business and Entrepreneurship Committee, joined fellow Republicans in calling the measure another government bailout that would do little to stimulate small business and didn't provide enough tax breaks.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

David Vitter: Small Business Tax and Lending Bill is a government bailout

Melancon voted for the Small Business Tax and Lending Bill, which established a $30 billion small-business lending fund administered by the U.S. Treasury. The money was directed to community banks to lend to small businesses.

Melancon is a former small businessman, having operated an insurance agency and several ice cream stores. "I had to worry about making payroll and staying in business and creating jobs," Melancon said.

Vitter didn't vote on the measure, saying his absence was equal to a "no" vote. The bill passed.

Vitter, who sits on the Senate Small Business and Entrepreneurship Committee, joined fellow Republicans in calling the measure another government bailout that would do little to stimulate small business and didn't provide enough tax breaks.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

Bill Cassidy: Opposed Obama stimulus; supported Bush's bank bailout

He said the 2009 approximately $800 billion economic stimulus package backed by Obama was overloaded with spending that would not improve the economy and he compared it to a doctor treating a heart condition by severing the patient's leg. Cassidy supported the final version of the 2008 $700 billion bailout for the financial industry, passed during President George W. Bush's administration. He supported the bailout because it contained some tax relief for hurricane victims.
Source: Wall Street Journal on 2020 Louisiana Senate race Feb 5, 2009

John Neely Kennedy: Disallow bank getting so big that its failure wrecks economy

Both candidates offered differing views of how to ease the national economic crisis. Kennedy said federal officials should suspend accounting rules that financial industry representatives blame for exacerbating the problems. He said Congress should put limits on the nation’s banks and lending firms. “Never again can we allow a financial institution to get so big that its failure can wreck our economy,” he said.
Source: Associated Press on NOLA.com on 2008 Louisiana Senate Debate Oct 16, 2008

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2020 Presidential contenders on Corporations:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN) 		Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Oct 13, 2021