Waguespack reveals 4-step strategy to mend Louisiana.
Republican Gubernatorial Candidate Stephen Waguespack: Bringing Free Market Solutions to Louisiana
Stephen Waguespack, a Republican gubernatorial candidate, is determined to use his private sector experience to address Louisiana’s most pressing issues. In a recent announcement, he outlined his approach to tackling these challenges.
Waguespack, who previously served as the chief of staff to former Gov. Bobby Jindal, believes that his lack of political credentials gives him a unique advantage over his competitors in the race to replace term-limited Gov. John Bel Edwards. He sees this as an opportunity to offer innovative solutions that combine government, business, and community organizations to address long-standing problems in Louisiana.
“I’m coming in with an outside perspective,” Waguespack told The Center Square. “I spent most of my career fighting for free market and free enterprise.”
Waguespack’s comprehensive policy plan, known as “The Wags Plan,” consists of four key components. The first step is to cut taxes, reduce regulations, and simplify compliance processes. By doing so, Waguespack aims to create a favorable environment for entrepreneurs to turn their ideas into reality.
“That will help our tax base, it will grow our economy, and it will create better paying jobs for everyone in Louisiana,” according to “The Wags Plan.”
As the former CEO of the Louisiana Association of Business and Industry, Waguespack believes that cutting red tape will attract more businesses, workers, and families to the Pelican State. He hopes to reverse the trend of young professionals leaving Louisiana by implementing policies that make the state more appealing.
Another crucial aspect of Waguespack’s plan is reevaluating Louisiana’s approach to education. Drawing from his experience in rebuilding New Orleans’ public school system after hurricanes Rita and Katrina, he recognizes the need for change.
“It’s not what the economy is demanding,” he said. “We have to find a way to instill some hope and pathways for all our families.”
Waguespack plans to bring together a commission of education and business officials, along with leaders from local colleges, regional training programs, and nonprofit groups. Their goal will be to incentivize schools to improve outcomes by increasing support for two-year and technical training colleges, aligning programs with industries, and expanding school choice options.
“Parents feel like they’re losing control. We have to give them more authority to put their kids in a quality school,” Waguespack said. “Low-income families right now get stuck, and I don’t think that’s right.”
Waguespack also aims to address Louisiana’s insurance crisis, which affects both property and auto insurance rates. He plans to increase resources for the state’s roof fortification program, attract more insurers to the state through incentives, and pursue legal reforms to lower insurance premiums.
“We have got to bring the insurers and lawyers in the room and put it all on the table, and I’m going to mediate,” Waguespack said.
If elected, Waguespack intends to call a special session early next year to implement these reforms. He also proposes increasing penalties for driving without insurance to encourage more residents to obtain coverage, while eliminating required vehicle inspections.
“The inspections are a cheap way for the state to find a way to tax you,” he explained.
Waguespack’s ultimate goal is to lower costs for Louisiana residents while promoting freedom and economic growth. He believes that by leveraging his private sector experience and implementing his comprehensive plan, Louisiana can overcome its challenges and thrive.
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