State of Connecticut Archives: on Corporations

Bob Stefanowski: Wants to have the DMV managed by the private sector

Bob Stefanowski: Phase out corporate tax; end estate tax immediately

Bob's Plan to Rebuild Connecticut: Phase out corporate income tax and business entity tax over 2 years. Phase out state income tax over 8 years. Eliminate the gift and estate taxes immediately.

Chris Murphy: Keep preferential tax for hedge funds; costs too much to cut

Murphy said he previously voted to change the rate, but did not on that particular occasion for cost reasons. "She has suggested over and over again that I oppose ending the preferential tax treatment for carried interest. It is not true. I have voted three separate times to end that loophole," Murphy said after the 90-minute debate. He explained that it was a small piece of a larger bill that added about $53 billion to the deficit. "Much of what was in that bill would not have stimulated the economy. The overall cost of the bill was too big," Murphy said. He said what is needed is a wholesale revamping of the tax code.

Chris Murphy: OpEd: Campaign coffers overflow with Wall Street donations

David Walker: Less regulation to promote more company expansion

The current state approach of paying employers to come to Connecticut and/or stay here is not effective or sustainable. The state must focus on its many systemic competitiveness challenges, including critical infrastructure.

Joe Visconti: Remove red tape and over-regulation of small business

To solve these problems, Joe proposes to:
• Create a small business owner task force to review regulations that have hindered business growth. Members would be randomly selected from a confidential group of volunteer small business owners, free from political influence.
• Allow small businesses to purchase their utilities as a collective group.
• Simply end corporate welfare. There is no reason for taxpayers to gamble on possible future returns of a large company.

Linda McMahon: Businesses need regulatory certainty to risk hiring workers

Blumenthal said the government can do a better job providing financing and loans to businesses, as well as providing job training and targeted tax deductions for research and development, startup companies and firms that hire new workers. He also called for closing loopholes that allow U.S. companies to send jobs overseas.

McMahon, who used a clip from Blumenthal's response from an earlier debate about how to create a job, [in which Blumenthal stumbled over how government should be involved,] as a political ad, chided her opponent for improving his answer during this latest debate. "I'm very happy you have a notion on how to create jobs," McMahon said.

Linda McMahon: We need more business people like me in Washington

McMahon pivoted back to the main thrust of her campaign: that she's the candidate with the business acumen to fix the economy. "We need professionals from different walks of life," she said. "What we don't have in Washington are business people."

Switching to offense, McMahon said she is ready to help fix the country's economic and deficit problems created by longtime politicians such as Shays. "You have been part of the issue of killing jobs, not creating jobs," she said. "What we need to see in Washington are senators who have not been there and been part of the mess that you made."

Prasad Srinivasan: Financial assessment of new regulations on small businesses

• Co sponsored legislation and over-rode a governor veto to require an assessment of financial impact of new regulations on small businesses (SB 302)
• Co sponsored legislation to bolster the state aerospace industry
• Co sponsored legislation to allow businesses to fix first-time regulatory violations in a timely manner without civil penalty (HB 5500)

Richard Blumenthal: Defend small businesses against wrongdoing, & defend record

McMahon said she hadn't talked to a small businessperson who has benefited from Blumenthal's litigation.

Susan Bysiewicz: End preferential tax treatment for hedge fund gains

Murphy said he previously voted to change the rate, but did not on that particular occasion for cost reasons. "She has suggested over and over again that I oppose ending the preferential tax treatment for carried interest. It is not true. I have voted three separate times to end that loophole," Murphy said.

Susan Bysiewicz: Use fees on selling securities to help under-water mortgages

Susan Bysiewicz: Too few politicians fail to take on Wall Street

Susan Bysiewicz: Hold Wall Street accountable and end corporate welfare

She says she wants to see an end to the war in Afghanistan and an end to what she calls corporate welfare; she seeks to fight for immigration reform and she intends to hold Wall Street accountable for "this huge mess" the country is in, according to a recent interview with The New Haven Register.

Susan Bysiewicz: Close Wall Street's hedge fund loophole

Bysiewicz continued hammering Murphy on what has been one of her main lines of attack throughout the campaign: That he has failed to stand up to powerful Wall Street interests because he has accepted campaign contributions from big Wall Street firms. "You've taken thousands of dollars in PAC money from all the bad actors in the financial crisis," she said, "and then you vote to keep the hedge fund loophole open. It seems to me there's a connection there."

But Murphy accused her of "hypocrisy" and said she, too, has accepted Wall Street money. "Secretary Bysiewicz seems to have a problem with the contributions that I've taken but when she takes contributions she doesn't seem to have a problem with those," he said, saying her stance smacks of a "political double standard."