State of California Archives: on Corporations
Flexibility on R&D taxes & startup businesses
Source: 2016 California House campaign website RoKhanna.com
Nov 8, 2016
- Provide an incorporation tax credit. It's misguided to tax people who are taking the risk of starting new ventures--especially when we offer subsidies to profitable, mature industries. The federal government should give businesses a
tax credit to cancel out the variable incorporation fees they accrue in their state.
- Extend research and development tax credits to start-ups. Currently, the R&D tax credit can only be taken against a firm's income tax liability-
it's rare for early stage businesses to qualify. I support a new R&D tax credit that allows startups to apply their credit to revenue or payroll taxes.
- Ease tax burdens.
The complexity of our tax code disproportionately affects small businesses. I will prioritize reducing excessive small business taxes so that small businesses can continue fueling our economy.
Close loopholes that allow companies to avoid paying taxes
Q: Do you support providing tax incentives to businesses for the purpose of job creation?
A: Yes. Today, many corporations are incentivized to move profits and facilities offshore. That has to change. We should actively encourage companies to locate
here in the U.S. and create a tax structure that rewards them for investing and creating jobs here in America. At the same time, we should close corporate tax loopholes that allow massive Fortune 500 companies to avoid paying taxes at all.
Source: Vote-Smart 2016 California Political Courage Test
Nov 8, 2016
Corporate rate complexity encourages investment abroad
Reforming the corporate tax code: Several Republicans and Democrats have identified corporate tax reform as a near-term priority that could help jump-start our economy. Some work is already underway in Washington.
The United States has one of the highest statutory corporate rates in the world, although the rates that businesses ultimately pay are much lower because some companies, especially large ones, are able to exploit loopholes and deductions.
This complexity encourages investment abroad while unfairly benefitting some companies over others, leading to the misallocation of capital.
An agreement that reduces statutory corporate tax rates in exchange for eliminating deductions and simplifying the code should be possible.
Source: Kashkari Washington Post OpEd: 2014 California governor race
Jun 1, 2012
Focus on supporting small family-owned businesses
Carly began her career as a receptionist at a small business and worked her way up the corporate ladder to become the first woman to lead a Fortune 20 company. Over the course of her decades of experience, she witnessed first hand the economic engines
that are small businesses.
Given these tough times, our top priorities should be economic growth and job creation. That means focusing our efforts on supporting the small businesses, family-owned businesses, innovators and entrepreneurs that
employ more than 50% of Americans and create 2/3 of our nation's new jobs.
Carly recognizes the importance of increasing access to capital so that small businesses have the resources they need to succeed,
reducing the cost of doing business so that home-grown entrepreneurs have the opportunity to thrive, and eliminating barriers to job creation to put Americans back to work.
Source: 2010 Senate campaign website, carlyforcalifornia.com
Dec 25, 2009
Page last updated: Feb 28, 2017