Candidates for Ala. governor spar over taxes

Alabama Capital

MONTGOMERY, Ala. (AP) - Democratic candidate for governor Ron Sparks says his opponent, U.S. Rep. Artur Davis, is saying one thing in Washington about timber companies and another in Alabama.

Sparks held a news conference Thursday, where he said Davis is calling for higher taxes on out-of-state companies that own large tracts of timber in Alabama, but in Washington, he proposed legislation to give a $500 million a year tax break to timber companies.

Davis said Sparks doesn't understand the issue. The congressman said he proposed cutting the federal capital gain tax on timber companies because it was too high and was making it hard to compete
with foreign timber companies. He said the situation is different in Alabama, where out-of-state timber companies pay little taxes.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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