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Rand Paul on Corporations

 


Most small businesses fail, & government often picks wrong

In the marketplace, most small businesses fail. If government is to send money to certain people to create businesses, they will more often than not pick the wrong people and no jobs will be created.

Government spending doesn't work. It doesn't create jobs. Only the democracy of the marketplace can find those capable of creating jobs.

Source: Tea Party response to 2014 State of the Union address , Jan 28, 2014

Cut corporate tax in half to create millions of jobs

With my five-year budget, millions of jobs would be created by cutting the corporate income tax in half, by creating a flat personal income tax of 17%, and by cutting the regulations that are strangling American businesses. The only stimulus ever proven to work is leaving more money in the hands of those who earned it!
Source: Tea Party Response to 2013 State of the Union Address , Feb 12, 2013

Kelo decision was dangerous landmark in US law

Susette Kelo owned a house in New London, CT. In 1998, the pharmaceutical giant Pfizer began construction on a new plant in New London. The corporate giant convinced the city that it deserved the land in Kelo's neighborhood more than she and her neighbors did. The city utilized its power of eminent domain, which enables the local government to take private property and designate it for public use. Though Kelo was compensated, the government seized her property in the name of "local economic development."

In a horrific turn of events for private property owners across the US, the Supreme Court ruled in the favor of the City of New London in the case "Kelo v City of New London". This was a dangerous landmark decision in US law.

Source: Government Bullies, by Rand Paul, p. 78-79 , Sep 12, 2012

Punishing the rich means the poor lose their jobs

Mr. President, you say the rich must pay their fair share. When you seek to punish the rich, the jobs that are lost are those of the poor and middle class.

When you seek to punish Mr. Exxon Mobil, you punish the secretary who owns Exxon Mobil stock.

When you block the Keystone Pipeline, you punish the welder who works on the pipeline.

Source: 2012 Republican National Convention speech , Aug 29, 2012

Obama's "You didn't build that" insults American workers

When I heard the current president say, "You didn't build that," I was first insulted, then I was angered, then I was saddened that anyone in our country, much less the president, believes that roads create business success and not the other way around.

The great and abiding lesson of American history, particularly the Cold War, is that the engine of capitalism--the individual--is mightier than any collective. American inventiveness and desire to build developed because we were guaranteed the right to own our success. For most of our history, no one dared tell Americans: "You didn't build that."

When you say they didn't build it, you insult each and every American who ever got up at the crack of dawn. When the president says, "You didn't build that," he is flat out wrong. Businessmen and women did build that. Businessmen and women did earn their success. Without the success of American business, we wouldn't have any roads, or bridges, or schools.

Source: 2012 Republican National Convention speech , Aug 29, 2012

Expand lending caps for credit unions to small business.

Paul co-sponsored Small Business Lending Enhancement Act

Congressional Summary:

Supporter's Comments: (by CUNA, a pro-credit union organization)
America's small businesses are the engine of growth of our nation's economy. The effects of the financial crisis of the past few years have spread to all types of lending, resulting in a reduction in the availability of business credit. At a time when banks are withdrawing credit from America's small businesses, credit unions have actually been expanding credit to small businesses, but with more credit unions approaching the cap, this growth is threatened. Congress should enact legislation which increases the credit union member business lending cap from 12.25% of assets to 27.5% for well-capitalized credit unions

Opponent's Comments: (by the Independent Community Banks of America, Nov. 15, 2012)
The tax-subsidized credit union industry is pressing for doubling the statutory cap Congress placed on member business loans. Shifting assets from tax-paying banks to tax-exempt credit unions would reduce tax revenue to the government; the CBO estimates the revenue impact at $354 million over 10 years. We believe that banks are currently meeting the needs of credit-worthy businesses, as substantiated by numerous business surveys.

Source: HR1418 /S2231 12-S2231 on Mar 22, 2012

Rated 14% by UFCW, indicating a pro-management voting record.

Paul scores 14% 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

Other candidates on Corporations: Rand Paul on other issues:
KY Gubernatorial:
Steve Beshear
KY Senatorial:
Alison Grimes
Matt Bevin
Mitch McConnell

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Retiring in 2014 election:
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IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
SD:Johnson(D)
WV:Rockefeller(D)

Retired as of Jan. 2013:
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ND:Conrad(D)
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Page last updated: Aug 11, 2014