Search for...
Follow @ontheissuesorg
OnTheIssuesLogo

Tom Coburn on Corporations

Republican Jr Senator; previously Representative (OK-2)


Top US corporations pay effective tax rate of only 3.3%

Congress's tax code spending spree has created an unfair system in which taxpayers with similar incomes and businesses with similar profits often do not pay similar rates. For example, a recent report found 11 major US corporations with $163 billion in profits from 2008 to 2010 had effective federal tax liabilities averaging only 3.3%--far below the corporate rate of 35%. In the case of General Electric, the company had a NEGATIVE income tax liability of 61.3%, receiving $4.7 billion from the federal Treasury over the last 3 years.

Many tax preferences are little more than corporate welfare designed to compensate for our country's high tax rate. Inevitably, these exceptions tend to favor those companies and groups with close ties to lawmakers and access to the most experiences lobbyists. Without such access, small businesses and the middle class often bear the burden of the high standard tax rates while the wealthy receive a vast array of preferences created by Congress.

Source: The Debt Bomb, by Sen. Tom Coburn, p.252-3 , Apr 17, 2012

Voted NO 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

Rated 17% by UFCW, indicating a pro-management voting record.

Coburn scores 17% 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: Tom Coburn on other issues:
OK Gubernatorial:
Brad Henry
Joe Dorman
Mary Fallin
OK Senatorial:
Connie Johnson
James Inhofe
James Lankford
Matt Silverstein
T.W. Shannon

OK politicians
OK 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)
MT:Walsh(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.Wade(R)
GA: Nunn(D) vs.Perdue(R) vs.Kingston(R) vs.Gingrey(R) vs.Handel(R) vs.Broun(R)
HI: Schatz(D) vs.Hanabusa(D) vs.Cavasso(R) vs.Pirkowski(R)
IA: Braley(D) vs.Ernst(R) vs.Whitaker(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) vs.Orman(I)
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) vs.Ortman(R)
MS: Cochran(R) vs.Childers(D) vs.McDaniel(R)
MT: Walsh(D) vs.Daines(R) vs.Rankin(I) vs.Edmunds(R) vs.Bohlinger(D)
NC: Hagan(D) vs.Tillis(R) vs.Haugh(L)
NE: Sasse(R) vs.Domina(D) vs.Haugh(L) vs.Osborn(R)
NH: Shaheen(D) vs.Brown(R) vs.Smith(R) vs.Rubens(R) vs.Testerman(R) vs.Martin(R)
NJ: Booker(D) vs.Bell(R) vs.Sabrin(R)
NM: Udall(D) vs.Weh(R) vs.Clements(R)
OK-2: Lankford(R) vs.Johnson(D) vs.Shannon(R)
OK-6: Inhofe(R) vs.Silverstein(D)
OR: Merkley(D) vs.Wehby(R) vs.Conger(R)
RI: Reed(D) vs.Zaccaria(R)
SC-2: Scott(R) vs.Dickerson(D) vs.Wade(D)
SC-6: Graham(R) vs.Hutto(D) vs.Ravenel(I) vs.Stamper(D) vs.Mace(R) vs.Bright(R)
SD: Rounds(R) vs.Weiland(D) vs.Pressler(I)
TN: Alexander(R) vs.Ball(D) vs.Carr(R) vs.Adams(D)
TX: Cornyn(R) vs.Alameel(D) vs.Roland(L) vs.Stockman(R)
VA: Warner(D) vs.Gillespie(R) vs.Sarvis(L)
WV: Capito(R) vs.Tennant(D) vs.Lawhorn(I) vs.Raese(R) vs.McGeehan(R)
WY: Enzi(R) vs.Cheney(R) vs.Hardy(D)
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Jobs
Principles
Social Security
Tax Reform
Technology
War/Peace
Welfare

Other Senators
Senate Votes (analysis)
Bill Sponsorships
Affiliations
Policy Reports
Group Ratings

Contact info:
Fax Number:
202-224-6008
Mailing Address:
Senate Office SR-172, Washington, DC 20510
Phone number:
(202) 224-5754

Page last updated: Aug 13, 2014