That's why my top priority is to overhaul our tax code and eliminate income taxes. This is our moment to eliminate the income tax and unleash major economic growth and opportunity in our state that will keep our sons and daughters here at home to find jobs and raise a family.
Eliminating income taxes will help make Louisiana the very best place to start a business. This is the best way to grow our economy and create good-paying jobs throughout the state.
Over the last ten years, more than 60% of the 3 million new jobs in America were created by the nine states without an income tax. Over the past decade, states without income taxes have seen nearly 60 percent higher population growth than the national average.
"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.
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