Richard Peterson

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Richard "Chip" Peterson
Richard Peterson.jpg
Candidate for
U.S. House, Texas, District 19
Elections and appointments
Next generalNovember 4, 2014
Term limitsN/A
Bachelor'sIowa State University
Master'sUniversity of Michigan
Ph.D.University of Michigan
ProfessionProfessor Emeritus, Texas Tech University
Campaign website
Richard "Chip" Peterson is a 2014 Libertarian candidate seeking election to the U.S. House to represent the 18th Congressional District of Texas.[1]

Peterson ran unsuccessfully for the seat in 2012. He was defeated by Republican incumbent Randy Neugebauer on November 6, 2012.[2]


Peterson holds a B.S. in economics from Iowa State University. He also received his M.A. and Ph.D. in economics from the University of Michigan. He is currently a professor emeritus at Texas Tech University.[3]


Campaign themes


Peterson's campaign website lists the following issues:[4]

  • Social Security: "The government needs to stop lying to the people and face the problem honestly and sensibly. It must admit that the social security “trust fund” cannot be trusted. It must let people know that social security is not like a bank account, and future payments are not guaranteed. It must recognize that tax increases now will not help solve the nations social security problem in the future. It must admit that tax cuts now that increase the nation’s productivity in the future will, in fact, be helpful for solving our nation’s future social security problem."
  • Taxes and Spending: "The government needs to reduce marginal tax rates to improve work and investment incentives and Congress needs to spend the people’s money as carefully as its members would spend their own money. The tax structure should be simplified and maximum income tax rates reduced so people will have a stronger incentive to work and produce."
  • Regulation and Constituent Service: "The government needs to get off peoples’ backs and Congressional representatives need to use their staffs and influence so the government will stop tying up peoples’ lives in innumerable bundles of red tape. Tax codes are too complicated and need to be simplified."
  • Military Spending: "It is essential to have a strong military to defend our homeland and we should honor the people who serve us in the military. It is questionable as to the extent our military should be asked to risk their lives in foreign adventures. While it is clear that military intervention in Afganistan was essential for defending our homeland against the terrorists lodged there, it is not clear that our military should have been asked to put their lives at risk in Somalia, Bosnia, Kosovo, and Haiti, as none of those countries posed an imminent threat to the U.S. and some of our soldiers lost their lives for no clear gain."
  • International Relations: "It should be recognized that all U.S. consumers potentially benefit from free and unfettered international trade. However, it should be noted that U.S. producers can be hurt by unfair trade or by rapidly fluctuating exchange rates or terms f trade—so some provisions may need to be made to provide temporary trade adjustment assistance to producers harmed by international trade. Such assistance should be temporary so U.S. producers will not permanently engage in the production of goods for which they may no longer have a comparative advantage."


—Richard Peterson's campaign website,



See also: Texas' 18th Congressional District elections, 2014

Peterson is running in the 2014 election for the U.S. House to represent Texas' 18th District. Peterson won the Libertarian Party nomination at the state convention in April 2014.[6] He will face incumbent Randy Neugebauer (R) and Neal Marchbanks (D) in the general election on November 4, 2014.


See also: Texas' 19th Congressional District elections, 2012

Peterson ran in the 2012 election for the U.S. House to represent Texas' 19th District. He ran as a Libertarian candidate. He ran against incumbent Randy Neugebauer (R) in the general election on November 6, 2012.[7]

U.S. House, Texas District 19 General Election, 2012
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngRandy Neugebauer Incumbent 85% 163,239
     Libertarian Richard Peterson 15% 28,824
Total Votes 192,063
Source: Texas Secretary of State "Official Election Results, 2012 General Election"


Peterson and his wife, Carol, have three children and seven grandchildren.[3]

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