State of Louisiana Archives: on Corporations


Bobby Jindal: Eliminated burdensome business taxes

We have overhauled our ethics laws, revamped workforce development programs, and eliminated burdensome business taxes. Every challenge we have taken on has been about making Louisiana the best place in the world to find a job and raise a family. Our work is starting to pay off.
Source: 2013 State of the State speech to Louisiana legislature Apr 8, 2013

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

As it stands today, we have over 460 loopholes on the books that make our system complex, volatile and unfair. Under the current system, if you have a lobbyist and lawyer, you have a loophole.

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.

Source: 2013 State of the State speech to Louisiana legislature Apr 8, 2013

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 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: 2008 Louisiana Senate Debate by Associated Press on NOLA.com Oct 16, 2008

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2016 Presidential contenders on Corporations:
  Democrats:
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Andrew Cuomo(NY)
Mayor Rahm Emanuel(IL)
Gov.Martin O`Malley(MD)

Republicans:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Gov.Bobby Jindal(LA)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Secy.Condi Rice(CA)
Sen.Marco Rubio(FL)
Rep.Paul Ryan(WI)
Sen.Rick Santorum(PA)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
Gov.Gary Johnson(L-NM)
Donald Trump(NY)
Gov.Jesse Ventura(I-MN)
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Page last updated: Mar 29, 2014