Ron Crumpton on Corporations

	Ron Crumpton on Corporations

Trickle-down economics good for business but not for people

Our elected leaders should focus their efforts on what is best for the economy as a whole and not what is best for business because, very often, they are at odds with one another. Over the last 35 years, the U.S. has operated on the concept of trickle-down economics. The theory that if you give tax-breaks to corporations, those funds will trickle down through the economy in the form of more and better paying jobs. The problem is that corporations are in the business of doing what is best for the corporation, which is what businesses should do, but it is also the reason why we should not trust that they will do what is best for someone else... It's not their job.

Corporate profits are the highest they have been in 86 years, and worker pay is the lowest it has been in 66 years. We should help small business; we should not give handouts to big business. Under my plan the majority of tax breaks would go to help small business and large corporations pay their share.

Source: Vote411.org League of Women Voters: 2016 Alabama Senate Race , Sep 19, 2016

Offshore profit shifting needs to end

The simple fact is that we could pay for [domestic programs] by changing the tax code concerning offshore profit shifting, which allows multi-billion dollar companies like GE, Boeing and others to avoid paying any U.S. taxes. Currently many of these companies are not only paying no taxes, they are getting refunds. This needs to end. Source: 2016 Senate campaign website CrumptonForAlabama.com , Jul 23, 2015

Transfer $11 billion from corporate tax loopholes to schools

Richard Shelby does not serve the people.

He voted against legislation that would eliminate tax credits for sending American jobs overseas and establish a tax credit for bringing American jobs back to America.
He voted against legislation that would allow those with student loan debt to refinance that debt at a lower rate of interest.
He voted against legislation that would raise the minimum wage to $10.10 an hour.
He voted against legislation that would have shifted $11 billion from corporate tax loopholes to education.

Every time the interest of the people is pitted against the interest of big business, big business gets the support of Richard Shelby. It is time for the people of Alabama to elect a progressive senator who will work for what is in their best interest and not the best interest of the political fat cats and big business executives that fund their campaigns. Source: AL.com editorial by Ron Crumpton on 2016 Alabama Senate race , Apr 16, 2015

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