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David Perdue on Corporations
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Only about 10 Senators have any real business experience
Perdue has stressed his leadership at well-known corporations, including Sara Lee, Reebok and Dollar General. "There are only about 10 people in the Senate who have any real business experience," Perdue said during a recent campaign swing.PolitiFact
[questioned whether] with 100 members in the Senate, could only one in 10 senators have a background in business? In the 113th Congress, 27 senators identified "business" as their occupation. But some senators list more than one occupation, and senators
may not have been practicing their listed profession immediately before they entered Congress.
As for Perdue, he is using a number that campaign researchers gleaned by going through the biographies of all 100 senators, said Perdue's spokesman,
[counting] senators who worked in the corporate world or had responsibility for a company's profit and loss margins. "Some of the members' primary occupations are debatable, which is why we use the language 'about 10.' " We rate his statement Mostly True
Source: PolitiFact AdWatch on 2014 Georgia Senate debate
, Aug 4, 2014
End tax breaks & deals that outsource our jobs
Merkley is going up with a new ad focusing on his efforts to prevent companies from outsourcing jobs. Merkley speaks directly to the camera, describing his father working at a mill when he was growing up:
"As men and women clock in across the state, thousands of hands are building a stronger Oregon. But there are still special interests that want to give tax breaks to corporations that ship our jobs overseas," Merkley says.
"So I wrote a bill to make China play fair on trade, and I fought to end deals that outsource our jobs," he said.
The ad begins running in the Eugene market on Tuesday. The buy is "substantial," according to the campaign, which declined to further characterize the amount of money behind the ad.
Source: PolitiFact AdWatch on 2014 Georgia Senate debate
, Aug 4, 2014
We are on the verge of revitalizing American manufacturing
I believe that we are on the verge of revitalizing American manufacturing. The private sector is primed to create quality jobs by manufacturing innovative products that require a skilled workforce and high-tech facilities. These products are needed for
domestic consumption and more importantly for exports to foreign markets. But the manufacturing industry's renewal can be stunted if we don't correct bad energy policies, a lack of infrastructure, and failures in education.
Source: 2014 Senate campaign website, perduesenate.com, "Issues"
, Jul 25, 2013
Regulatory relief for smaller banks stimulates growth.
Perdue voted YEA Banking Bill
Congressional Summary:
Economic Growth, Regulatory Relief, and Consumer Protection Act- TITLE I--IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT: [for small banks,] requirements are waived if a loan is originated by and retained by the institution
- TITLE II--REGULATORY RELIEF AND PROTECTING CONSUMER ACCESS TO CREDIT: [deregulate] reciprocal deposits [if they] do not exceed 20% of its total liabilities.
- TITLE III--PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS
- TITLE IV--TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES
- TITLE V--ENCOURAGING CAPITAL FORMATION
- TITLE VI--PROTECTIONS FOR STUDENT BORROWERS
Supporting press release from Rep. Tom Emmer (R-MN-6): This legislation will foster economic growth by providing relief to Main Street, tailor regulations for better efficacy, and most importantly it will empower individual Americans and give them more opportunity.
Opposing statement on ProPublica.org from Rep. Gregory Meeks (D-NY-5): The bill includes many provisions I support: minority-owned banks and credit unions in underserved communities have legitimate regulatory burden concerns. Unfortunately, exempting mortgage disclosures enacted to detect discriminatory practices will only assist the Trump Administration in its overall effort to curtail important civil rights regulations. I simply cannot vote for any proposal that would help this Administration chip away at laws that I and my colleagues worked so hard to enact and preserve.
Legislative outcome: Passed House 258-159-10 on May 22, 2018(Roll call 216); Passed Senate 67-31-2 on March 14, 2018(Roll call 54); Signed by President Trump. May 24, 2018
Source: Congressional vote 16-S2155 on Mar 14, 2018
Reduce corporate tax rates from 35% to 21% to create jobs.
Perdue voted YEA Tax Cuts and Jobs Act
Summary by GovTrack.US: (Nov 16, 2017)
For Corporations:- Reduce the corporate tax rate to 21% from 35%.
- Overseas earnings would be taxed at 15.5% as opposed to the current 35%. This may seem like an enormous reduction, but current law only taxes overseas earnings if they are returned to the US; the 15.5% rate would apply regardless.
For Individuals:- Lower the rate for the highest earners from 39.6% to 37%.
- Nearly double the standard deductions for individuals but repeal personal exemptions.
- The Affordable Care Act's individual mandate would be repealed.
Case for voting YES by Heritage Foundation (12/19/17):This is the most sweeping update to the US tax code in more than 30 years. The bill would lower taxes on businesses and individuals and unleash higher wages, more jobs, and untold opportunity through a larger and more dynamic economy. The bill includes many pro-growth features, including a deep reduction in the corporate
tax rate, a scaled-back state and local tax deduction, full expensing for five years, and lower individual tax rates. Case for voting NO by Sierra Club (11/16/17): Republicans have passed a deeply regressive tax plan that will result in painful cuts to core domestic programs, to give billionaires and corporate polluters tax cuts while making American families pay the price. Among the worst provisions:
This plan balloons the federal deficit by over $1.5 trillion. Cutting taxes for the rich now means cuts to the federal budget and entitlements later.The bill hampers the booming clean energy economy by ending tax credits for the purchase of electric vehicles and for wind and solar energy.The bill opens up the Arctic Refuge to drilling, a thinly veiled giveaway to the fossil fuel industry.Legislative outcome: Passed House, 224-201-7, roll call #699 on 12/20; passed Senate 51-48-1, roll call #323 on 12/20; signed by Pres. Trump on 12/22.
Source: Congressional vote 17-HR1 on Nov 16, 2017
Perdue supports the Christian Coalition survey question on the Death Tax
The Christian Coalition inferred whether candidates agree or disagree with the statement, 'Permanent Elimination of the "Death Tax" ?'
Self-description by Christian Coalition of America: "These guides help give voters a clear understanding of where candidates stand on important pro-family issues" for all Senate and Presidential candidates.
Source: CC Survey 20CC-11B on Sep 10, 2020
Perdue supports the PVS survey question on corporate taxes
Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Economy: Do you support lowering corporate taxes as a means of promoting economic growth?'
PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."
Source: PVS Survey 20PVS-11B on Sep 9, 2020
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