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Kamala Harris on Corporations

Democratic candidate for President; California Senator

 


Reverse the 2017 corporate income tax cut

Kamala Harris on Corporate Income Taxes: Reverse the 2017 corporate cut.

TWO CANDIDATES HAVE SIMILAR VIEWS: Kirsten Gillibrand; Marianne Williamson.

Some candidates, such as Sens. Kirsten Gillibrand and author Marianne Williamson, say they want to ge

Source: Politico "2020Dems on the Issues" , Jul 17, 2019

New tax on banks with over $50 billion in assets

Kamala Harris on Wall Street Taxes: Impose higher taxes on financial institutions.

No candidates have similar views. Sen. Kamala Harris would impose a new tax on banks with over $50 billion in assets.

Source: Politico "2020Dems on the Issues" , Jul 17, 2019

Why haven't we asked how to pay for tax cuts to the top 1%?

Q: Do you think that Democrats have a responsibility to explain how they will pay for every proposal?

Harris: I hear that question, but where was that question when the Republicans and Donald Trump passed a tax bill that benefits the top 1 percent and the biggest corporations in this country? Contributing at least $1 trillion to the debt of America, which middle-class families will pay for one way or another. I am proposing that we change the tax code, so for every family that is making less than $100,000 a year, they will receive a tax credit that they can collect up to $500 a month. And on day one, I will repeal that tax bill that benefits the top 1% and the biggest corporations.

Source: June Democratic Primary debate (second night in Miami) , Jun 27, 2019

Facebook is like a utility; needs to be regulated

Q: Your opinion on Facebook and social media?

A: I think that Facebook has experienced massive growth and has prioritized its growth over the best interests of its consumers, especially on the issue of privacy. There is no question that there needs to be serious regulation, and that that has not been happening. There needs to be more oversight.

Q: Do you think they should be broken up?

A: Yes, I think we have to seriously take a look at that. They're essentially a utility. There are very few people that can actually get by without somehow, somewhere using Facebook. We have to recognize it for what it is. It is essentially a utility that has gone unregulated. As far as I'm concerned, that's got to stop.

Source: CNN SOTU 2019 interview of presidential hopefuls , May 12, 2019

New fees on banks and financial institutions

Source: PBS News hour on 2020 Presidential hopefuls , Jan 21, 2019

Tough stance on mortgage lenders fell short

In September 2011, Harris pulled California out of nationwide mortgage settlement talks with the five biggest mortgage servicers. The deal Harris got for California was ultimately much better. It provided $18.4 billion in debt relief and $2 billion in other financial assistance, as well as incentives for relief to center on the hardest hit counties. The banks had originally only offered California, the state hardest hit by the housing crisis and fraud, $2-4 billion.

Nonetheless, the settlement was woefully inadequate. In terms of direct financial relief, underwater homeowners--weighed down by average debt of close to $65,000 each--received around $1,500 to $2,000 each. just 84,102 California families had any mortgage debt forgiven--far short of the 250,000 originally predicted.

Source: Jacobin Magazine on 2018 California Senate race , Aug 10, 2017

Same rules must apply to everyone, including the wealthy

Millions of Americans know that feeling of walking through the front door of their own home for the first time--the feeling of reaching for opportunity and finding it. That's the choice in this election. It's a choice between an America where opportunity is open to everyone, where everyone plays by the same set of rules, or a philosophy that tilts the playing field to help the wealthiest few. A choice between holding Wall Street accountable or letting it write its own rules.
Source: Speech at 2012 Democratic National Convention , Sep 5, 2012

Other candidates on Corporations: Kamala Harris on other issues:
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
Howie Hawkins (Green-NY)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
Gov.Mark Sanford (R-SC)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Gov.Bill Weld (R-MA&L-NY)

2020 Withdrawn Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Mike Bloomberg (I-NYC)
Abortion
Budget/Economy
Civil Rights