Scott Brown on Corporations
Republican Jr Senator
The ad, which the PAC says will run for 10 days, hits Brown for successfully supporting the elimination of fees on banks in the Dodd-Frank financial reform regulation of 2010 and for supporting exceptions to the "Volcker rule," which prohibits banks from making certain investments with their capital.
Brown "delivered for Wall Street, saving big banks $19 billion in taxes,'' the ad says, and "wrote legislation that would help big banks make risky investments. That's good for Wall Street and great for Scott Brown, but it doesn't make sense for New Hampshire.''
The ad also calls Brown "the senator from Massachusetts'' three times, just in case anyone in New Hampshire has forgotten.
Would study corporate tax disclosure, defeating measure to implement it. The vote is to amend Section 470 of the FY04 budget (New Section 457a) to establish a special commission on taxation, consisting of 5 Democrats and 2 Republicans. The Commission will make its recommendations in January 2004 [hence postponing the disclosure rule until the next fiscal year].
Relevant section of platform:PART IV: ECONOMIC GROWTH, JOBS & SECURITY: A Healthy Business Environment: "We support monitoring the costs of doing business in the Commonwealth, so that companies can grow and compete while still meeting their obligations to workers and the community."
Source citation: Bill H.4000 Section 470 ; vote number 69
Would extend corporate tax credit 5 years. Vote was on an amendment to the FY04 Budget, Outside Section 165, changing the limit on corporate tax credits from 14 years to 19 years. The corporate tax credit is in MGL 63-31a, which allows an excise tax credit for manufacturing companies on leased equipment.
Relevant section of platform:PART IV: ECONOMIC GROWTH, JOBS & SECURITY: A Healthy Business Environment: "We support tax incentives for business when accompanied by commitments to good corporate citizenship and enforceable terms assuring continued investment in Massachusetts."
Source citation: Bill H.4000 Section 165 ; vote number 71
The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
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