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Rick Renzi on Corporations

Republican Representative (AZ-1)


Voted NO on allowing stockholder voting on executive compensation.

To amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation [and as part of that process, fully disclosing executive compensation].

Proponents support voting YES because:

We should not deprive the public, the stockholders, from being able to do anything meaningful once they find out about scandalous levels of executive compensation or board compensation. Everyone talks about the corporate board as the remedy. But the board is often a part of the problem, being paid huge amounts of money for showing up once or twice a year at meetings.

Give the stockholders a meaningful remedy. Once you get the mandatory disclosure put in place by previous legislation, we are saying the stockholders should be allowed to have a referendum on that and not have a runaround by the board.

Opponents support voting NO because:

This vote is based on mischaracterization--it is an unnecessary amendment. The opportunity for these kinds of votes already exists within the structure of corporate governance right now. A good company from Georgia, AFLAC, went ahead and already has these nonbinding shareholder votes. But there is a difference between having individuals in the private sector, shareholders and individuals outside of the mandating of government to have it occur and have government come in with its heavy hand and say, this is exactly what you need to do because we know best. Our constituents know better how to act and how to relate to corporations than Washington.

Reference: Shareholder Vote on Executive Compensation Act; Bill H R 1257 ; vote number 2007-244 on Apr 20, 2007

Voted YES on replacing illegal export tax breaks with $140B in new breaks.

Vote to pass a bill that would repeal an export tax break for U.S. manufacturers ruled an illegal trade subsidy by the World Trade Organization, while providing for about $140 billion in new corporate tax cuts. Revenue raising offsets would decrease the cost of the bill to $34.4 billion over 11 years. It would consist of a buyout for tobacco farmers that could not go over $9.6 billion. It also would allow the IRS to hire private collection agencies to get back money from taxpayers, and require individuals who claim a tax deduction for a charitable donation of a vehicle to obtain an independent appraisal of the car.
Reference: American Jobs Creation Act; Bill HR 4520 ; vote number 2004-259 on Jun 17, 2004

Rated 90% by the US COC, indicating a pro-business voting record.

Renzi scores 90% by US Chamber of Commerce on business policy

Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.

Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.

Mission Statement:

"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."
The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: COC website 03n-COC on Dec 31, 2003

Other candidates on Corporations: Rick Renzi on other issues:
AZ Gubernatorial:
Jan Brewer
Janet Napolitano-2008
AZ Senatorial:
John McCain
Jon Kyl

Pending elections:
D,IL-5:Emanuel
D,CA-31:Solis
D,NY-20:Gillibrand

Special elections
in 110th Congress:

R,GA-10:Broun
D,IN-7:Carson
D,LA-6:Cazayoux
D,MD-4:Edwards
D,IL-14:Foster
D,CA-37:Richardson
R,LA-1:Scalise
D,CA-12:Speier
D,MA-5:Tsongas
R,VA-1:Wittman
GOP Freshmen
in 111th Congress:

R,OH-7:Austria
R,OH-16:Boccieri
R,LA-2:Cao
R,LA-6:Cassidy
R,UT-3:Chaffetz
R,CA-6:Coffman
R,LA-4:Fleming
R,KY-2:Guthrie
R,MS-3:Harper
R,CA-52:Hunter
R,KS-2:Jenkins
R,NJ-7:Lance
R,NY-26:Lee
R,MO-9:Luetkemeyer
R,WY-AL:Lummis
R,CA-4:McClintock
R,TX-22:Olson
R,MN-3:Paulsen
R,FL-15:Posey
R,TN-1:Roe
R,FL-16:Rooney
R,IL-18:Schock
R,PA-5:Thompson
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in 111th Congress:

D,NJ-3:Adler
D,AL-2:Bright
D,VA-11:Connolly
D,PA-3:Dahlkemper
D,OH-1:Driehaus
D,OH-11:Fudge
D,FL-8:Grayson
D,AL-5:Griffith
D,IL-11:Halvorson
D,NM-1:Heinrich
D,CT-4:Himes
D,OH-15:Kilroy
D,AZ-1:Kirkpatrick
D,NC-8:Kissell
D,FL-24:Kosmas
D,MD-1:Kratovil
D,NM-3:Lujan
D,NY-25:Maffei
D,CO-4:Markey
D,NY-29:Massa
D,NY-13:McMahon
D,ID-1:Minnick
D,VA-5:Perriello
D,MI-9:Peters
D,ME-1:Pingree
D,CO-2:Polis
D,MI-7:Schauer
D,OR-5:Schrader
D,NM-2:Teague
D,NV-3:Titus
D,NY-21:Tonko
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