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Foster Campbell on Tax Reform |
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.
"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.