Hovde Unveils Tax Plan on Campaign Stop - WXOW News 19 La Crosse, WI – News, Weather and Sports |

West Salem, WI (WXOW)-- Senate candidate, Eric Hovde made a campaign stop in West Salem today. On his agenda, a new economic policy that's focused on simplifying the tax code.

Speaking at West Salem Tool and Die, Hovde said he would create a 2 tiered rate for personal income tax and reduce corporate tax from 35 percent to 25 percent.

Hovde says his plan would make it easier for people to do their taxes, and as a result reduce the size of the IRS. Hovde says corporate welfare and loopholes need to be amended so small businesses aren't at a disadvantage.

Hovde believes this will lead to less corruption among politicians. "How do politicians get their campaign contributions? By businesses trying to access the federal purse, our tax payer money, mainly through our tax system, through earmarks, through loan guarantee programs," Hovde said. "If we can shut those down then we start eliminating crony capitalism and the corruption that's existed in our economy."

Hovde is one of four Republicans running for that senate seat. The others are Jeff Fitzgerald, the current speaker of the assembly, former governor, Tommy Thompson and former congressman Mark Neumann.