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Jeb Bush on Corporations

Republican FL Governor; V.P. prospect

Champion enterprise zones and business deregulation

The past 4 years have not been kind to small businesses. Republicans should bring their message of low taxes and moderate regulatory policies to Hispanic communities whose economic future depends on such policies.

In particular, licensing regulations often disproportionately hamper Hispanic businesses that tend to operate informally. Republicans should champion enterprise zones, deregulation of entry into occupations and businesses that require few skills and little capital, and lower business taxes. More important, they should engage Hispanic business and community leaders in identifying & eradicating barriers to enterprise. As Democrats continue compounding the inherent risks of small businesses by piling on taxes & regulations at every level of government, Republicans should be seen as ardent defenders of small businesses.

Source: Immigration Wars, by Jeb Bush, p.216 , Mar 5, 2013

Auto bailout was government intervening; bank bailout was ok

Former Florida Gov. Jeb Bush was invited to speak to the House Budget Committee by the committee's chairman, Rep. Paul Ryan, R-Wisc., author of a federal budget despised by Democrats in part for its proposed changes to the Medicare program for seniors. Bush's remarks focused on removing barriers to free enterprise, but throughout the hearing, he was free with his opinions on all sorts of other policy matters.

Bush said that until the hearing, he hadn't been asked his opinion on the automotive bailout or the bank bailouts. He told the committee he didn't support the auto bailout--what he describes as "a form of capitalism where the government intervenes in a very muscular kind of way." The positions puts him in line with Romney. Bush did say, however, say that he thought some aspects of the bank bailout were necessary. Bush worked as a consultant for Lehman Brothers before its collapse, and currently serves as a senior adviser to Barclays Capital.

Source: Tampa Bay Times, "Jeb Bush cools VP chatter" , Jun 1, 2012

Touchdown Jacksonville: Bring pro football to Florida

Jacksonville friend and political supporter let Jeb in on the group seeking an NFL franchise for that city. Tom Petway in 1989 got Jeb to join the "Touchdown Jacksonville" investors to bring football to the northeast Florida city with the dismal self-esteem problem. Jeb borrowed the $450,000 for his 1% and later sold it for a $58,000 profit. But the more interesting story here was the $121 million that Jacksonville taxpayers agreed to put up to prettify the old Gator Bowl so as to help Jeb's rich friends get even richer. Jeb, so offended by welfare for poor people, evidently had no trouble with welfare of the corporate kind.
Source: America's Next Bush, by S.V. Date, p. 88 , Feb 15, 2007

$310M in stimulus money to start Scripps biotech facility

Jeb suggested "economic stimulus" money in 2003. Jeb thought big: $310 million. Some in the legislature suggested that such an amount going to a single location was excessive, that the money was to benefit all Floridians, and should therefore have been allocated to various "economic development" projects around the state. But in the grand scheme, Jeb was probably correct that there was more real benefit to spending it all on a single big project, with potentially huge rewards, than on dozens of smaller enterprises.

There was also a more general criticism of giving the money to an already successful entity like Scripps. The goal was not just the 500 jobs Scripps itself would create, but several thousand more generated by bio-tech firms that would want to locate in a science village Scripps would anchor.

In October 2003, he proclaimed: "Scripps is the brand name for biomedical research, and its decision to build a sister research facility in Florida is a seminal moment in our state's history."

Source: America's Next Bush, by S.V. Date, p.142-143 , Feb 15, 2007

Cutting taxes on job creators benefits everyone

The biggest tax cut of Jeb's time in office, the intangibles tax, had diminished the state treasury by $1 billion a year. An analysis of that policy starts with two fundamental questions.
  1. Given Florida's poor rankings in various quality-of-life measures--the health and welfare of its children, the care of its elderly, the quality of its schools and colleges, etc.--were large tax cuts appropriate public policy?
  2. Once you have decided that tax cuts were appropriate, was the intangibles tax the most appropriate one to cut?
On the 1st question, Jeb is part of the wing of the Republican Party that believes as a fundamental truth that taxes are too high. Period. The 2nd question: if you cut taxes on the rich, everyone benefits. There, in a nutshell, is the Bush Family Economic Theory, boiled down to 9 words.

The emphasis is not to cut taxes for everybody--[but to] cut proportionately more for the wealthy--or, in Bush parlance, the investor class, the risk takers, the job creators.

Source: America's Next Bush, by S.V. Date, p.277-278 , Feb 15, 2007

Repeal the mandatory helmet law for motorcyclists

House Bill 1911 includes repeal of the mandatory helmet law for motorcyclists over the age of 21. I signed the bill [because] I believe government oversteps its legitimate role when it excessively interferes with personal freedom. That interference includes regulating an adultís decisions about his or her well-being if such decisions do not endanger the life or safety of others. Reasonable adults should be trusted to make reasonable decisions. For example, we have no laws requiring an individual to exercise, to eat a healthy diet, to get regular check-ups, or to avoid excess exposure to the sun - even though failure to comply with these habits reflects known health risks, and potential public health costs. Of course, we could significantly reduce deaths, injuries or health risks in Florida through a mandate that all individuals exercise, wear sunscreen, stop smoking, and learn how to swim, yet we impose no such requirements.
Source: Approval notification on House Bill 1911 , Jun 1, 2000

Fight corporate welfare: snouts out of public trough

Responsibility and self-government [also apply to] programs that are considered by many to be corporate welfare. Limited government does not mean limited for only one portion of society, one economic class. We cannot ask government to do less for the many while doing more for the few. Limited government is about the fair distribution of limited resources, meaning that as we criticize social spending for being no solution to our social problems, we should also criticize unnecessary corporate entitlements as no cure for our competitiveness problems. Creating barriers to competition and sanctuaries for profit is no answer. Many industries realize that they profit from a bigger, more involved government. Yet a return to limited self-government would not be complete without pushing these corporate snouts out of the public trough. Limiting the role of government must be a process that is rational, equitable, and principled.
Source: Profiles in Character, by Jeb Bush, p.172-173 , Nov 1, 1995

Other governors on Corporations: Jeb Bush on other issues:
FL Gubernatorial:
Rick Scott
FL Senatorial:
Bill Nelson
Marco Rubio

Newly seated 2013:
IN: Mike Pence (R)
NC: Pat McCrory (R)
NH: Maggie Hassan (D)
MT: Steve Bullock (D)
WA: Jay Inslee (D)

Re-elected 2012:
DE: Jack Markell (D)
MO: Jay Nixon (D)
ND: Jack Dalrymple (R)
UT: Gary Herbert (R)
VT: Peter Shumlin (D)
WI: Scott Walker (R)
WV: Earl Ray Tomblin (D)

Up for election 2013:
NJ-R: Chris Christie
NJ-D: Barbara Buono
VA: Bob McDonnell(Retiring)
VA-R: Ken Cuccinelli
VA-D: Terry McAuliffe
Up for re-election 2014:
AK: Sean Parnell
AL: Robert Bentley
AR: Mike Beebe
AZ: Jan Brewer
CA: Jerry Brown
CO: John Hickenlooper
CT: Dan Malloy
FL: Rick Scott
GA: Nathan Deal
HI: Neil Abercrombie
IA: Terry Branstad
ID: Butch Otter
IL: Pat Quinn
KS: Sam Brownback
MA: Deval Patrick
MD: Martin O'Malley
ME: Paul LePage
MI: Rick Snyder
MN: Mark Dayton
NH: Maggie Hassan
NM: Susana Martinez
NV: Brian Sandoval
NY: Andrew Cuomo
OH: John Kasich
OK: Mary Fallin
OR: John Kitzhaber
PA: Tom Corbett
RI: Linc Chafee
SC: Nikki Haley
SD: Dennis Daugaard
TN: Bill Haslam
TX: Rick Perry
VT: Peter Shumlin
WI: Scott Walker
WY: Matt Mead
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Page last updated: Jul 01, 2013