State of Louisiana Archives: on Corporations
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
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
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
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 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
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
Bill Cassidy:
Taxes on manufacturers induces them to move to Asia
CASSIDY: 50 percent of the taxes on business are on manufacturers. I just spoke to a Louisiana manufacturer last week and he's having to increase wages to attract workers. Now we're going to increase his taxes as much as we're going to.
Manufacturers can choose to set up in the United States or chose to move to Asia. I think what we're doing is inducing them to move to Asia.
Source: ABC This Week on 2022 Louisiana Senate race
Jul 31, 2022
Bill Cassidy:
Taxes on manufacturers induces them to move to Asia
CASSIDY: 50 percent of the taxes on business are on manufacturers. I just spoke to a Louisiana manufacturer last week and he's having to increase wages to attract workers. Now we're going to increase his taxes as much as we're going to.
Manufacturers can choose to set up in the United States or chose to move to Asia. I think what we're doing is inducing them to move to Asia.
Source: ABC This Week on 2022 Louisiana Senate race
Jul 31, 2022
Jeff Landry:
Will work to hold predatory insurance companies accountable
Growing up in Louisiana, Jeff knows hurricanes aren't a question of if, but when. Far too often, the missing link in the recovery chain is predatory insurance companies, running Louisiana families around in circles and delaying our recovery.
It's been over a year since historic storms ravaged areas of south Louisiana and yet, our people still live under blue tarps. Jeff will work to hold these companies accountable and fight for Louisiana families.
Source: 2023 Louisiana Gubernatorial campaign website JeffLandry.com
Mar 21, 2023
John Schroder:
Against financial firms investing on governance strategies
Schroder doubled down on an attack he has waged against major financial service firms over their so-called "environmental, social and governance" investing strategies.
Those are investing tactics that take into account global warming, social issues and company governance issues.
Source: Times-Picayune (NOLA.com) on 2023 Louisiana Governor race
Sep 28, 2023
Page last updated: Mar 14, 2026