State of Louisiana secondary Archives: on Corporations

Foster Campbell: "Exit tax" to stop Wall Street from shifting overseas

Use Proceeds from a Fair Tax System to Give a Break to the Middle Class
• Ensure that billionaires don't pay a lower tax rate than the hard working middle class
• Institute an "exit tax" to stop Wall Street from shifting profits and moving jobs overseas
• End loopholes that allow giant corporations to hide $2.1 trillion offshore annually and reinvest in American families
• End tax giveaways for big corporations that don't produce jobs and reinvest in incentives for small businesses

Garret Graves: Reduce taxes, fees, bureaucracy, and regulation

In Congress I will fight to:
• Remove regulatory obstacles for small businesses
• Reduce taxes and fees
• Promote investment and innovation

Bobby Jindal: Eliminated burdensome business taxes

• Louisiana has some of the toughest ethics laws in the nation that show who you know is no longer more important than what you know when it comes to doing business in our state.
• Louisiana now has the number one workforce-training program in the country.
• Louisiana--a state that once lagged behind in business climate rankings--now ranks in the top ten of three major national business climate rankings.
• Louisiana is one of only a handful of states that have more jobs now than at the beginning of the recession.
• Per-capita personal income in Louisiana has increased by more than $3,600 over the last five years.

Bobby Jindal: We paid companies, via loopholes, to not pay corporate tax

Let me put that a different way. In 2011, we actually went in the hole on corporate income tax by some $76 million. In other words, we actually paid companies through loopholes to not pay corporate income tax.

Think about that--we sent more taxpayer dollars to corporations than they paid in income taxes to the state. At the same time, the average Louisiana family of four paid nearly $2,600 in taxes.

In other words, we actually took money from families and used it to pay companies to not pay corporate income tax. That goes to show you our tax system is unfair and riddled with loopholes and exemptions.