Ken Salazar on Corporations
Democratic Jr Senator (CO)
Close loopholes that encourage overseas headquarters
I will fight to close unfair tax loopholes that encourage big corporations to move their headquarters overseas to avoid paying taxes, and other unfair tax breaks, while supporting corporate tax changes that encourage domestic investment.
Source: Campaign website, SalazarForColorado.com
Aug 11, 2004
Voted YES on repealing tax subsidy for companies which move US jobs offshore.
Amendment to repeal the tax subsidy for certain domestic companies which move manufacturing operations and American jobs offshore.
Reference: Tax Subsidy for Domestic Companies Amendment;
Bill S AMDT 210 to S Con Res 18
; vote number 2005-63
on Mar 17, 2005
Voted YES on reforming bankruptcy to include means-testing & restrictions.
Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Voting YES would:
Reference: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005;
Bill S 256
; vote number 2005-44
on Mar 10, 2005
- Declare a debtor eligible only for Chapter 13, as anyone financially capable of paying back their creditors at a rate that still allows them to earn above their state's median income
- Place domestic support obligations such as child support and alimony amongst the first priority claim category of non-dischargeable debts on a debtor filing for bankruptcy
- Require debtors to pay for and attend credit counseling prior to filing for bankruptcy
- Cap home equity protection at $125,000 if the debtor purchased a house within 40 months of filing for bankruptcy.
Screen imports & ban lead in children's products.
Salazar co-sponsored screening imports & ban lead in children's products
A bill to reform the Consumer Product Safety Commission to provide greater protection for children's products, to improve the screening of non-compliant consumer products, to improve the effectiveness of consumer product recall programs, and for other purposes.
House version is H.R.4040.
Source: CPSC Reform Act (S.2663) 08-S2663 on Feb 25, 2008
- Requires third party certification of, and provides for tracking and record keeping regarding, children's products.
- [Increase] reporting of substantial product hazards and corrective action plans.
- Requires certain manufacturers or distributors to post an escrow or proof of insurance to cover recalls.
- Allows enforcement by state attorneys general and provides public and private sector whistleblower protections.
- Bans children's products containing lead and lowers the allowable lead content in paint.
- Requires a study of preventable injuries and deaths of minority children related to consumer products.
Requires a cost-benefit analysis under the Poison Prevention Packaging Act.
- Requires development of a risk assessment methodology regarding imports.
- Requires publication of a list of product defects that constitute a substantial product hazard.
- Conditions importation of a consumer product on the manufacturer's compliance with inspection and record keeping requirements.
- Requires a database on violations of consumer product safety rules to be used to determine whether a container being imported contains consumer products that are in violation of a consumer product safety standard and whether action should be taken under imported products provisions.
Page last updated: Nov 22, 2009