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Foster Campbell Campbell proposes ‘foreign oil tax’ to replace Louisiana income tax

Posted on 4/30/24 at 3:22 pm
Posted by ragincajun03
Member since Nov 2007
21360 posts
Posted on 4/30/24 at 3:22 pm
quote:

A member of the Louisiana Public Service Commission wants Gov. Jeff Landry to eliminate the state income tax and replace it with a tax on foreign oil processed in Louisiana.

Foster Campbell, a Democrat from Bossier City, announced his “challenge” to the Republican governor on Jim Engster’s “Talk Louisiana” radio program Monday and issued a news release to that same effect later in the day.

Engster noted Lt. Gov. Billy Nungesser, another Republican, recently endorsed Campbell’s “Foreign Oil Tax” proposal, which would require an amendment to the Louisiana Constitution.

Under the current state constitution, oil and gas is not subject to taxes other than severance taxes, which are levied on natural resources extracted within Louisiana’s borders.

Campbell proposes that Landry and the Legislature create a tax on all foreign and offshore oil processed or refined in Louisiana and use the revenue to offset an elimination of the state income tax.

“The oil companies damaged our coast,” Campbell said. “It’s time for them to pay their fair share in taxes.”


As a Democrat, Campbell is an outlier for having won a fourth term in 2020 in a North Louisiana district that voted overwhelmingly for Donald Trump on the same ballot. He has managed to keep a bipartisan base of supporters without straying from liberal policies on the Public Service Commission, which regulates utility companies, energy infrastructure and pipelines, among other matters, in Louisiana.

Everyone except the petrochemical industry would support the measure, and Landry could use it to gain favor among voters and shore up his political legacy, Campbell said.

“Gov. Landry can use the revenue to eliminate the state income tax,” he said. “He’ll be remembered forever if he does this.”

The idea is not new. A number of Louisiana politicians from across the ideological spectrum have offered similar proposals through the years, but none have prevailed. The oil and gas industry has many well-entrenched lobbyists with powerful influence at the State Capitol.

However, Campbell said the timing is ripe for such an idea given Landry’s desire to hold a constitutional convention. The governor has called on state lawmakers to work with his appointees to rewrite Louisiana’s chief governing document, but he has refused to say what specifically he wants to change in the constitution, and he wants it done in just a two week period, leading some to suspect a draft has already been written in secret. The previous constitutional convention was held in 1973 and took several months to complete.

“He has the microphone right now,” Campbell said of Landry. “He has the power. He should put this in his call for the constitutional convention.”


LINK /

I gotta give it to ole Bananas Foster. He's been banging the drum on this tax proposal since what...like 1978?
Posted by teke184
Zachary, LA
Member since Jan 2007
96221 posts
Posted on 4/30/24 at 3:28 pm to
TF is he thinking?

Just because there is a ton of refining capacity in the BR-NOLA corridor doesn’t mean it will continue to be there if they do this shite.


Call this the “We’re Picking Up Stakes For Texas” Act.
This post was edited on 4/30/24 at 3:28 pm
Posted by glassman
Next to the beer taps at Finn's
Member since Oct 2008
116158 posts
Posted on 4/30/24 at 3:31 pm to
How about no, fricking no. Cut the worthless saps on the state payroll first before instituting any "replacement tax".
Posted by John Coctostan
Member since May 2018
555 posts
Posted on 4/30/24 at 3:32 pm to
Im convinced no one, even Greta, hates the oil and gas industry more than Foster Campbell.
Posted by 24nights
Louisiana
Member since Apr 2012
4790 posts
Posted on 4/30/24 at 3:57 pm to
quote:

Im convinced no one, even Greta, hates the oil and gas industry more than Foster Campbell.


Except for the wells on his personal property in So Bossier right?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51769 posts
Posted on 4/30/24 at 5:15 pm to
quote:

He's been banging the drum on this tax proposal since what...like 1978?


Since at least his run for Governor in 2007. I reached out to his campaign back then to find out what other states were charging for processing of oil and gas from outside their borders, not a word back. Ever.

At some point a few years back he was on Jim Engster's show when Jim was still on commercial radio and I was able to call in and ask about it. He droned on and on about that but never answered the question with anything even remotely related to what other states charge.

If you can't answer even a basic cost question about your plan, you're aren't serious.
Posted by Timeoday
Easter Island
Member since Aug 2020
8953 posts
Posted on 4/30/24 at 5:19 pm to
They need to build another Interstate with signs that say do not enter. This time, they need to make sure the hole is 10 - 12 times deeper.

Campbell loves his power and protects the utilities. Ask Campbell why utilities are so high or why he has not complained to the Insurance Commissioner about the high cost of insurance in Louisiana.

He is rotten to the core.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
11820 posts
Posted on 4/30/24 at 5:26 pm to
Yea. Tax something Louisiana is actually doing well and make another excuse for a business to move operations to Texas…..
Posted by Timeoday
Easter Island
Member since Aug 2020
8953 posts
Posted on 4/30/24 at 5:28 pm to
quote:

Im convinced no one, even Greta, hates the oil and gas industry more than Foster Campbell.


Campbell owns ranches all over this country and the world. He has fantastic wealth from oil and natural gas royalties.
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