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Labrador unveils economic plan |
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January 4, 2018 |
Today, gubernatorial candidate Raúl Labrador
unveiled his plan to Strengthen Idaho’s Economy,
the first plank of his Conservative Vision for a
Stronger Idaho.
Labrador’s economic plan sharply reduces tax
rates for families and businesses by dropping
the sales tax, individual and corporate tax
rates to five-percent, and eliminates the sales
tax on groceries. It also reforms government
programs that prop up private businesses with
public funds, modernizes existing urban renewal
laws, reigns in wasteful spending, eliminates
growth-stifling regulations and makes Idaho’s
workforce more competitive. Additionally, it
helps protect citizens from reckless federal
over-spending by reducing the state’s reliance
on the federal government.
“My plan to strengthen Idaho’s economy will
unleash the raw potential of our citizens and
industries, creating an environment to foster
sustained, strong economic growth,” said
Labrador. “I know that when government gets out
of the way, people thrive.”
“Idahoans are rightly proud of our great state,”
he continued. “But it’s time to be honest about
where we are and where we must go. Even though
we are the fastest growing state in the nation,
we are underperforming in key areas. We rank
near the bottom in average household incomes,
unfortunately lead most states in low-wage jobs,
and come in dead last when compared to
neighboring states in economic competitiveness.
While we have many tools and resources that
could put our state at the top of the national
charts in nearly every measure of economic
success, we have lacked a vision and strong
leadership.”
By contrast, Labrador’s opponents support
economic policies that give preferential
treatment to their friends and business
partners.
One of them advocated for new ways to borrow
money and raise taxes for public projects and
opposed legislation that would have reigned in
urban renewal agencies in Idaho while accepting
over $67 million in urban renewal funds, federal
earmarks and other taxpayer subsidies for his
businesses. The other believes that taxpayer
subsidies for businesses are an important
function of government, that tax increases are
necessary and inevitable and has voted to
increase taxes on Idahoans by over $200 million.
“Unlike my opponents, I oppose economic policies
that pick winners and losers, and I do not
believe in increasing taxes and lining the
pockets of private businesses and developers
with public subsidies,” he added. “My plan
levels the playing field for all Idahoans.”
More information about Labrador and his campaign
to become Idaho’s next governor, along with his
plan to Strengthen Idaho’s Economy, is available
at
www.RaulLabrador.com. |
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