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Tim Johnson on Corporations

Democratic Sr Senator (SD)


Don’t subsidize bloated compensation of failing firms’ CEOs

Johnson issued a statement that the Bush administration had “stifled regulation at every turn” when Congress sought controls over the mortgage industry and its practices. The financial bailout must be accompanied by more oversight, limits on executive pa and stipulations that the taxpayer money be used exclusively for American financial institutions, Johnson said.

“Folks in South Dakota work hard and their earnings should not subsidize the bloated compensation of a CEO of a failing firm,” he said. The $700 billion bailout “package may be a necessary evil, but we cannot allow it to be a gift to those on Wall Street at the expense of those on Main Street.”

Dykstra said the establishment in Washington, D.C., both Democrat and Republican, must accept th responsibility for the nation’s current crisis. And as the nation moves forward in trying to fix the problems in the mortgage business and on Wall Street, it’s important to figure out where the system failed in order to prevent a repeat, he said.

Source: 2008 S.D. Senate debate reported in Rapid City Journal , Sep 22, 2008

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

Voted YES on restricting rules on personal bankruptcy.

Vote to pass a bill that would require debtors able to repay $10,000 or 25 percent of their debts over five years to file under Chapter 13 bankruptcy (reorganization and repayment) rather than Chapter 7 (full discharge of debt).
Reference: Bill HR 333 ; vote number 2001-236 on Jul 17, 2001

Expand microloans to small businesses.

Johnson co-sponsored the Microloan Program Improvement Act

    Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to:
  1. remove the requirement that such loans be short-term;
  2. allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses that are prospective borrowers under the program; and
  3. authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.
Source: Bill sponsored by 19 Senators 01-S174 on Jan 24, 2001

Rated 39% by the US COC, indicating a mixed business voting record.

Johnson scores 39% by US Chamber of Commerce on business policy

Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.

Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.

Mission Statement:

"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."
The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: COC website 03n-COC on Dec 31, 2003

Rated 86% by UFCW, indicating an anti-management/pro-labor record.

Johnson scores 86% by UFCW on labor-management issues

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.

    The UFCW Senate scorecard is based on these key votes:
  1. American Jobs Act (+)
  2. Balanced Budget Amendment (-)
  3. Rejecting Cut, Cap, and Balance (+)
  4. Repeal Health Care Law (-)
  5. Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
  6. Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
  7. Trade Adjustment Assistance Extension Act (TAA) (+)
Source: UFCW website 12-UFCW-S on May 2, 2012

Other candidates on Corporations: Tim Johnson on other issues:
SD Gubernatorial:
Dennis Daugaard
SD Senatorial:
John Thune
Larry Pressler
Mike Rounds
Rick Weiland

SD politicians
SD Archives

Retiring in 2014 election:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
SD:Johnson(D)
WV:Rockefeller(D)

Retired as of Jan. 2013:
AZ:Kyl(R)
CT:Lieberman(D)
HI:Akaka(D)
ME:Snowe(R)
ND:Conrad(D)
NE:Nelson(D)
NM:Bingaman(D)
TX:Hutchison(R)
VA:Webb(D)
WI:Kohl(D)
Senate Retirements 2014:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Senate races Nov. 2014:
AK: Begich(D) vs.Miller(R) vs.Treadwell(R) vs.Sullivan(R)
AL: Sessions(R,unopposed)
AR: Pryor(D) vs.Cotton(R)
CO: Udall(D) vs.Gardner(R) vs.Baumgardner(R) vs.Buck(R) vs.Hill(R) vs.Stephens(R)
DE: Coons(D) vs.O`Donnell(R)
GA: Gingrey(R) vs.Nunn(D) vs.Perdue(R) vs.Handel(R) vs.Broun(R) vs.Kingston(R)
HI: Schatz(D) vs.Hanabusa(D) vs.Cavasso(R)
IA: Braley(D) vs.Whitaker(R) vs.Ernst(R) vs.Clovis(R)
ID: Risch(R) vs.Mitchell(D)
IL: Durbin(D) vs.Oberweis(R) vs.Hansen(L) vs.Truax(R)
KS: Roberts(R) vs.Tiahrt(R) vs.Wolf(R) vs.Taylor(D)
KY: McConnell(R) vs.Bevin(R) vs.Grimes(D)
LA: Landrieu(D) vs.Cassidy(R) vs.Maness(R)
MA: Markey(D) vs.Herr(R) vs.Skarin(I) vs.Gomez(R)
ME: Collins(R) vs.D`Amboise(R) vs.Bellows(D)
MI: Land(R) vs.Peters(D) vs.Wiedenhoeft(R)
MN: Franken(D) vs.McFadden(R) vs.Abeler(R)
MS: Cochran(R) vs.McDaniel(R) vs.Childers(D)
MT: Walsh(D) vs.Bohlinger(D) vs.Daines(R) vs.Edmunds(R)
NC: Hagan(D) vs.Tillis(R)
NE: Sasse(R) vs.Osborn(R)
NH: Shaheen(D) vs.Martin(R) vs.Brown(R) vs.Smith(R) vs.Rubens(R) vs.Testerman(R)
NJ: Booker(D) vs.Sabrin(R) vs.Lonegan(R)
NM: Udall(D) vs.Weh(R) vs.Clements(R)
OK-2: Shannon(R) vs.Lankford(R)
OK-6: Inhofe(R) vs.Silverstein(D)
OR: Merkley(D) vs.Conger(R) vs.Wehby(R)
RI: Reed(D) vs.Carcieri(R)
SC-2: Scott(R) vs.Wade(D)
SC-6: Graham(R) vs.Stamper(D) vs.Mace(R) vs.Bright(R)
SD: Rounds(R) vs.Weiland(D) vs.Pressler(I)
TN: Alexander(R) vs.Carr(R)
TX: Cornyn(R) vs.Stockman(R) vs.Roland(L)
VA: Warner(D) vs.Gillespie(R) vs.Sarvis(L)
WV: Capito(R) vs.Raese(R) vs.Tennant(D) vs.McGeehan(R)
WY: Enzi(R) vs.Cheney(R) vs.Hardy(D)
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Page last updated: Apr 16, 2014