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Doug Jones on Corporations
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Cut corporate tax rates, but not by increasing the deficit
Q: It looks like the Senate and Congress is going to pass the tax bill before you get to town. But if you had a chance, would you vote for this bill or against it?JONES: Well, I've got to be honest with you, that's a 500 page bill. So I haven't had a
real chance to look at that and study it, as a lot of people have not, which is one of my biggest concerns about the way things are going up there right now. This seems to be done, plopped into a vote too quickly. What I'm seeing and hearing and just
reading about, there's things that I like about it, cutting corporate tax rates, cutting some things for the middle class and increasing the standard deduction. But my biggest concerns are the process and also the fact that it's going to increase the
deficit by over a trillion dollars. That causes me great concern. I don't buy into the fact that it's going to grow the economy such that that trillion dollars debt will get wiped out. I think that's a major problem.
Source: Fox News Sunday 2017 on 2017 Alabama Senate race
, Dec 17, 2017
Streamline regulations for small business
The most productive, innovative people I know are entrepreneurs who have had the courage to turn an idea into a business that makes their community better, grows jobs and truly stands at the heart of America. The future of our state is in
supporting the growth of small and mid-sized businesses that care about the place they are formed and the people they employ. For these businesses, we need to streamline regulations and reduce the impediments to their success.
Source: 2017-2018 Alabama Senate website DougJonesForSenate.com
, Aug 17, 2017
Regulatory relief for smaller banks stimulates growth.
Jones voted YEA Banking Bill
Congressional Summary:
Economic Growth, Regulatory Relief, and Consumer Protection Act- TITLE I--IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT: [for small banks,] requirements are waived if a loan is originated by and retained by the institution
- TITLE II--REGULATORY RELIEF AND PROTECTING CONSUMER ACCESS TO CREDIT: [deregulate] reciprocal deposits [if they] do not exceed 20% of its total liabilities.
- TITLE III--PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS
- TITLE IV--TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES
- TITLE V--ENCOURAGING CAPITAL FORMATION
- TITLE VI--PROTECTIONS FOR STUDENT BORROWERS
Supporting press release from Rep. Tom Emmer (R-MN-6): This legislation will foster economic growth by providing relief to Main Street, tailor regulations for better efficacy, and most importantly it will empower individual Americans and give them more opportunity.
Opposing statement on ProPublica.org from Rep. Gregory Meeks (D-NY-5): The bill includes many provisions I support: minority-owned banks and credit unions in underserved communities have legitimate regulatory burden concerns. Unfortunately, exempting mortgage disclosures enacted to detect discriminatory practices will only assist the Trump Administration in its overall effort to curtail important civil rights regulations. I simply cannot vote for any proposal that would help this Administration chip away at laws that I and my colleagues worked so hard to enact and preserve.
Legislative outcome: Passed House 258-159-10 on May 22, 2018(Roll call 216); Passed Senate 67-31-2 on March 14, 2018(Roll call 54); Signed by President Trump. May 24, 2018
Source: Congressional vote 16-S2155 on Mar 14, 2018
Jones opposes the Christian Coalition survey question on the Death Tax
The Christian Coalition inferred whether candidates agree or disagree with the statement, 'Permanent Elimination of the "Death Tax" ?'
Self-description by Christian Coalition of America: "These guides help give voters a clear understanding of where candidates stand on important pro-family issues" for all Senate and Presidential candidates.
Source: CC Survey 20CC-11B on Sep 10, 2020
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Page last updated: Nov 26, 2020