OnTheIssuesLogo

Claire McCaskill on Corporations

Democratic Sr Senator; previously state Auditor

 


Limit TARP recipients' executive compensation to $400,000

From the beginning Wall Street compensation was a big headache. The same firms that had driven the country into a ditch were still lavishing billions in bonuses on their employees, with the excuse that this was necessary for retention of valued executives. The American public wasn't buying it, especially from those banks receiving taxpayer money through TARP. Obama wasn't either. Nine days after entering office, he blasted the 2008 bonuses as "the height of irresponsibility."

Claire McCaskill had a bill to limit executive compensation to the president's salary, $400,000, for executives of firms receiving federal money. She got some rhetorical support from the president. But Geithner pushed back hard, arguing that the bill would make it difficult to get banks to cooperate with the administration's plans.

Source: The Promise: Obama Year One, by Jonathan Alter, p.309-310 , May 18, 2010

Rated 86% by UFCW, indicating an anti-management/pro-labor record.

McCaskill scores 86% by UFCW on labor-management issues

The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.

    The UFCW Senate scorecard is based on these key votes:
  1. American Jobs Act (+)
  2. Balanced Budget Amendment (-)
  3. Rejecting Cut, Cap, and Balance (+)
  4. Repeal Health Care Law (-)
  5. Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
  6. Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
  7. Trade Adjustment Assistance Extension Act (TAA) (+)
Source: UFCW website 12-UFCW-S on May 2, 2012

Restrict corporate use of consumer mandatory arbitration.

McCaskill signed restricting corporate use of consumer mandatory arbitration

Excerpts from Letter from 35 Senators to the CFPB: We write to commend the Consumer Financial Protection Bureau (CFPB) for its proposed rule to limit the use of mandatory, pre-dispute ("forced") arbitration clauses in consumer financial product and service contracts. Every day, Americans across the country are forced to sign away their constitutional right to access the courts as a condition of purchasing common products and services like credit cards, checking accounts, and private student loans. Binding arbitration is a privatized justice system that studies show consistently produces results that favor large corporations and offers no meaningful appeals process. As a result, consumers are left without redress, and companies are unaccountable for their unscrupulous behavior.

Opposing freedom argument: (Cato Institute, "ATLA monopoly," May 2002): The trial lawyers new goal is to tighten their monopoly grip on the court system, and prevent the rest of us from choosing a more efficient means of resolving our disputes. Arbitration is simply private court. Lawyers with a vested interest in a monopoly court system are trying to stop the arbitration business from developing. But there's nothing forced or mandatory about it. Contracts are the result of choice. People should be free to choose for themselves what contracts to make and what rights to give up.

Opposing economic argument: (Heritage Foundation, "The Unfair Attack on Arbitration," July 17, 2013): Any study by the Consumer Financial Protection Bureau should examine whether a limit on arbitration would:

Source: Letter to CFPB Director 17LTR-CFPB on Aug 4, 2016

Other candidates on Corporations: Claire McCaskill on other issues:
MO Gubernatorial:
Chris Koster
Peter Kinder
MO Senatorial:
Austin Petersen
Jason Kander
Josh Hawley
Roy Blunt
Tony Monetti

MO politicians
MO Archives
Senate races 2017-8:
AL: Strange(R) vs.Jones(D) vs.Moore<(R)
AZ: Flake(R) vs. Ward(R) vs.Sinema(D) vs.Abboud(D) vs.McSally(R) vs.Arpaio(R) vs.Marks(L)
CA: Feinstein(D) vs. Eisen(I) vs. Sanchez?(D) vs.de_Leon(D)
CT: Murphy(D) vs.Adams(D) vs.Corey(R)
DE: Carper(D) vs.Boyce(R) vs.Truono(R) vs. Markell?(D)
FL: Nelson(D) vs. DeSantis(R) vs. Jolly(R) vs. Rick Scott(R) vs.Invictus(R) vs.Janowski(I)
HI: Hirono(D) vs.McDermott(R)
IN: Donnelly(D) vs. Hurt(R) vs.Messer(R) vs.Rokita(R) vs.Braun(R) vs.Straw(P)
MA: Warren(D) vs. Ayyadurai(I) vs.Waters(R) vs.Lindstrom(R) vs.Diehl(R) vs.Wellman(R) vs.Kingston(R)
MD: Cardin(D) vs.Vohra(L) vs.Manning(D) vs.Faddis(R)
ME: King(I) vs.Brakey(R) vs.Lyons(L)
MI: Stabenow(D) vs. Bouchard(R) vs.Young(R) vs.James(R) vs.Squier(G)
MN-2: Franken(R) vs.Smith(D) vs.Housley(R)
MN-6: Klobuchar(D) vs.Newberger(R) vs.Overby(G)
MO: McCaskill(D) vs.Petersen(R) vs.Monetti(R) vs.Hawley(R)
MS-2: vs.Hyde-Smith(R) vs. McDaniel(R) vs.Espy(D) vs.Reeves(R)
MS-6: Wicker(R) vs.Bohren(D)
MT: Tester(D) vs.Olszewski(R) vs.Rosendale(R)

ND: Heitkamp(D) vs.Peyer(D) vs.Cramer(R) vs.Campbell(R)
NE: Fischer(R) vs.Raybould(D)
NJ: Menendez(D) vs. Chiesa(R) vs.Pezzullo(R) vs.Hugin(R)
NM: Heinrich(D) vs.Rich(R)
NV: Heller(R) vs.Tarkanian(R) vs.Rosen(D)
NY: Gillibrand(D) vs. Kennedy(D) vs.Webber(R) vs.Farley(R) vs.Noren(D)
OH: Brown(D) vs. Mandel(R) vs.Gibbons(R) vs.Renacci(R)
PA: Casey(D) vs. Saccone(R) vs.Barletta(R) vs.Christiana(R)
RI: Whitehouse(D) vs.Nardolillo(R)
TN: Corker(R) vs.Bredesen(D) vs.Mackler(D) vs.Crim(D) vs.Fincher(R) vs.Blackburn(R)
TX: Cruz(R) vs. Bush(R) vs.O`Rourke(D)
UT: Hatch(R) vs. McMullin(R) vs.Wilson(D) vs.Romney(R) vs.Bowden(L)
VA: Kaine(D) vs. Fiorina(R) vs.Stewart(R) vs.Freitas(R)
VT: Sanders(I) vs.Milne(D) vs.MacGovern(D)
WA: Cantwell(D) vs.Ferguson(D) vs.Luke(L) vs.Strider(L)
WI: Baldwin(D) vs.Vukmir(R)
WV: Manchin(D) vs. Raese(R) vs.Morrisey(R) vs.Swearengin(D) vs.Jenkins(R) vs.Blankenship(I)
WY: Barrasso(R) vs.Trauner(D)
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Jobs
Principles
Social Security
Tax Reform
Technology
War/Peace
Welfare

Other Senators
Senate Votes (analysis)
Bill Sponsorships
Affiliations
Policy Reports
Group Ratings

Contact info:
Email Contact Form
Fax Number:
202-228-6326
Mailing Address:
Senate Office SH-717, Washington, DC 20510
Search for...





Page last updated: Jun 05, 2018