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Tim Kaine on Corporations

Democratic Senate Challenger; previously Governor

 


Close some gaping loopholes that advantage big corporations

We need to pursue policies that support our small and medium-sized businesses and create a fair regulatory and tax environment that allows them to grow. Small businesses create more than 70 percent of all new jobs so when they succeed, our economy succeeds.

I will continue looking for ways to streamline regulations and strike the right balance between protecting consumers and our environment while fostering economic growth. We also need to create a fair tax code that closes some of the gaping loopholes that have allowed large corporations to get an unfair advantage over small businesses.

Source: Kaine's Senate office website, "Workforce" , Jul 23, 2016

Protect banking industry's ability to serve consumers

Kaine was one of 70 senators who signed a one-page letter asking Consumer Financial Protection Bureau Director Richard Cordray to try to "prevent any unintended consequences that negatively impact community banks and credit unions or unnecessarily limit
Source: Politico.com, "Banking Letter," on 2016 Veepstakes , Jul 21, 2016

Fix the tax code to help businesses without lobbying clout

The tax code--both corporate and individual--needs to be simpler. The current complexities suggest that the code isn't driven by policy, but instead by the power of special interest lobbying muscle. Since many people--certainly the poor and working families--can't match the lobbying clout of special interests, the complexities in the individual tax code generally work to benefit others to their disadvantage. Since many businesses also don't have full-time lobbyists, the complexities in the corporate and individual tax codes generally work to benefit others to their disadvantage. Some small businesses (including the vast majority of farms) are doubly affected
Source: Kaine's Senate office website, during 2016 Veepstakes , Jul 31, 2013

Auto industry is back; manufacturers are hiring again

Democrats fought for the middle class. We cut taxes for 95 percent of American families. We went from 25 months of job losses to 29 straight months of private-sector job growth. The auto industry is back. Manufacturers are hiring again, but we've got to do more. And there's a real choice.
Source: 2012 Democratic National Convention speech , Sep 4, 2012

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Page last updated: Nov 06, 2016