State of Connecticut Archives: on Corporations


David Walker: Less regulation to promote more company expansion

The engine of economic growth is innovation and the new and expanding companies that result from it. Connecticut's current spending policies and regulatory approaches are not conducive to promoting innovation and job creation. This must change and soon.

The current state approach of paying employers to come to Connecticut and/or stay here is not effective or sustainable. The state must focus on its many systemic competitiveness challenges, including critical infrastructure.

Source: 2014 CT Lt. Gubernatorial campaign website, WalkerForCT.com Jul 2, 2014

Linda McMahon: We need more business people like me in Washington

Shays repeatedly attacked McMahon's professional wrestling business and "job creator" claims. McMahon, who resigned as WWE's chief executive in 2009, spent much of the debate steering the focus back to her six-point plan for fixing the nation's economy.

McMahon pivoted back to the main thrust of her campaign: that she's the candidate with the business acumen to fix the economy. "We need professionals from different walks of life," she said. "What we don't have in Washington are business people."

Switching to offense, McMahon said she is ready to help fix the country's economic and deficit problems created by longtime politicians such as Shays. "You have been part of the issue of killing jobs, not creating jobs," she said. "What we need to see in Washington are senators who have not been there and been part of the mess that you made."

Source: The Day coverage of 2012 CT Senate debates Jun 14, 2012

Susan Bysiewicz: Close Wall Street's hedge fund loophole

Murphy said, "Bysiewicz seems to have found religion on Wall Street reform in the last year and a half and mercilessly attacks me for taking contributions from the exact same groups she's taken contributions from."

Bysiewicz continued hammering Murphy on what has been one of her main lines of attack throughout the campaign: That he has failed to stand up to powerful Wall Street interests because he has accepted campaign contributions from big Wall Street firms. "You've taken thousands of dollars in PAC money from all the bad actors in the financial crisis," she said, "and then you vote to keep the hedge fund loophole open. It seems to me there's a connection there."

But Murphy accused her of "hypocrisy" and said she, too, has accepted Wall Street money. "Secretary Bysiewicz seems to have a problem with the contributions that I've taken but when she takes contributions she doesn't seem to have a problem with those," he said, saying her stance smacks of a "political double standard."

Source: Hartford Courant on 2012 CT Senate debate May 24, 2012

Susan Bysiewicz: Hold Wall Street accountable and end corporate welfare

Bysiewicz describes herself as a fighter for small businesses in Connecticut, for making clean energy affordable and--above all--for the middle class.

She says she wants to see an end to the war in Afghanistan and an end to what she calls corporate welfare; she seeks to fight for immigration reform and she intends to hold Wall Street accountable for "this huge mess" the country is in, according to a recent interview with The New Haven Register.

Source: New Haven Register on 2012 CT Senate debate May 23, 2012

Susan Bysiewicz: Too few politicians fail to take on Wall Street

U.S. Rep. Chris Murphy and state Rep. William Tong were complimentary towards retiring Senator Joe Lieberman. Political newcomer Matthew Oakes said it was better for Connecticut that Lieberman was stepping down. Former Secretary of the State Susan Bysiewicz, said too few politicians fail to take on Wall Street but didn't mention Lieberman by name in her answer. Bysiewicz said simply that lawmakers need to hold Wall Street accountable "and very few have done that in Washington."
Source: Hartford Courant on 2012 CT Senate Debate Apr 15, 2012

Chris Murphy: OpEd: Campaign coffers overflow with Wall Street donations

Murphy's two major opponents--former Secretary of the State Susan Bysiewicz and state Rep. William Tong--have portrayed Murphy as an unaccomplished insider with too many ties to Wall Street special interests. Asked to respond to the continued allegations, Murphy said, "People just have to look at my record." Both Bysiewicz and Tong have said Murphy's campaign coffers are overflowing with Wall Street donations.
Source: Westport News coverage of 2012 CT Senate debates Apr 10, 2012

Chris Murphy: Keep preferential tax for hedge funds; costs too much to cut

Bysiewicz, as she has done numerous times in the past few weeks, continued to criticize Murphy for his May 28, 2010, vote against fixing the low tax rate on hedge fund gains.

Murphy said he previously voted to change the rate, but did not on that particular occasion for cost reasons. "She has suggested over and over again that I oppose ending the preferential tax treatment for carried interest. It is not true. I have voted three separate times to end that loophole," Murphy said after the 90-minute debate. He explained that it was a small piece of a larger bill that added about $53 billion to the deficit. "Much of what was in that bill would not have stimulated the economy. The overall cost of the bill was too big," Murphy said. He said what is needed is a wholesale revamping of the tax code.

Source: New Haven Register on 2012 CT Senate debate Mar 3, 2012

Susan Bysiewicz: End preferential tax treatment for hedge fund gains

Bysiewicz, as she has done numerous times in the past few weeks, continued to criticize Murphy for his May 28, 2010, vote against fixing the low tax rate on hedge fund gains.

Murphy said he previously voted to change the rate, but did not on that particular occasion for cost reasons. "She has suggested over and over again that I oppose ending the preferential tax treatment for carried interest. It is not true. I have voted three separate times to end that loophole," Murphy said.

Source: New Haven Register on 2012 CT Senate debate Mar 3, 2012

Susan Bysiewicz: Use fees on selling securities to help under-water mortgages

Bysiewicz emphasized her proposed transactional fee on the sale of securities to help those whose mortgages are under water, while Tong agreed that fixing the housing market and saving people's homes has to be done for the economy to turn around. He said a plan he authored in the state assembly, which has helped 10,000 homeowners, shows he has the knowledge of how to get things done. "We can't grow this economy until we get past this mortgage crisis," Tong said.
Source: New Haven Register on 2012 CT Senate debate Mar 3, 2012

Linda McMahon: Businesses need regulatory certainty to risk hiring workers

Much of the debate focused on jobs. McMahon spoke of the need to provide businesses with "an environment of certainty" when it comes to regulations and taxes, so owners know whether they can risk hiring more workers.

Blumenthal said the government can do a better job providing financing and loans to businesses, as well as providing job training and targeted tax deductions for research and development, startup companies and firms that hire new workers. He also called for closing loopholes that allow U.S. companies to send jobs overseas.

McMahon, who used a clip from Blumenthal's response from an earlier debate about how to create a job, [in which Blumenthal stumbled over how government should be involved,] as a political ad, chided her opponent for improving his answer during this latest debate. "I'm very happy you have a notion on how to create jobs," McMahon said.

Source: National Public Radio coverage of 2010 CT Senate debate Oct 12, 2010

Richard Blumenthal: Defend small businesses against wrongdoing, & defend record

The Democrat defended his record as attorney general and rejected that lawsuits brought by his office have been harmful to small businesses. "We have used the legal means available to make sure small businesses are defended against wrongdoing, as well as ordinary consumers," said Blumenthal, citing his defense of an auto dealership.

McMahon said she hadn't talked to a small businessperson who has benefited from Blumenthal's litigation.

Source: Wilton Villager coverage of 2010 CT Senate debate Oct 7, 2010

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