Fox Business 2015 GOP primary debate: on Corporations
Bobby Jindal:
We all want to get rid of death tax & reduce power of IRS
I want to get rid of the corporate tax. Make the CEOs pay the same rates as everybody else. Get rid of all the corporate welfare as well. I think you will find a lot of agreement among Republicans. We all want to get rid of the death tax, the marriage
penalty. We all want lower, fewer brackets. We want to downsize, take away power from the IRS. What we really need to be talking about is these last seven years, we've had more government spending, more government dependence.
Source: Fox Business/WSJ Second Tier debate
Nov 10, 2015
Donald Trump:
Get U.S. money back into U.S.: address corporate inversion
What's happening right now is something that not been a subject of conversation by politicians. They haven't talked about a corporate inversion. Companies are leaving the United States to go to other countries.
They have trillions of dollars in those other countries. They can't get their money back in. It's probably two and a half trillion. All of that money could be used to rebuild our country.
Source: Fox Business/WSJ Second Tier debate
Nov 10, 2015
John Kasich:
Never let depositors lose their bank deposits
Q [to Sen. Cruz]: Would you bail out the big banks again?A: Absolutely not!
KASICH: When a bank is ready to go under and depositors are getting ready to lose their life savings, you just don't say we believe in philosophical concerns. You know what
an executive has to decide? When there are financial crises, you got to go there and try to fix it. Philosophy doesn't work when you run something.
CRUZ: Why would you then bail out rich Wall Street banks, but not Main street?
KASICH: I wouldn't.
I would not let the people who put their money in there all go down.
CRUZ: So you would bail them out.
KASICH: I would figure out how to separate those people who can afford it versus the hard-working folks who put those money in those institutions.
Source: Fox Business/WSJ First Tier debate
Nov 10, 2015
Marco Rubio:
Regulations favor big banks because small ones can't keep up
Do you know why these banks are so big? The government made them big by adding thousands of regulations. The big banks have an army of lawyers and compliance officers.
The small banks can't deal with these regulations. The big banks get bigger, the small banks struggle to lend or exist. In Dodd-Frank, you have actually codified too big to fail.
Source: Fox Business/WSJ Second Tier debate
Nov 10, 2015
Mike Huckabee:
Stop punishing manufacturing; stop punishing work
We'd get rid of taxes on people's work, so, we wouldn't punish people for working anymore. We've lost five million manufacturing jobs since 2000. The jobs are in Mexico, they're in China, they're in Indonesia. Bring the jobs back.
And with the FairTax, you do that, because you don't tax capital and labor. And here's the best part. We don't reduce the IRS, we get rid of the IRS.
Source: Fox Business/WSJ Second Tier debate
Nov 10, 2015
Rick Santorum:
No bailouts: I'm a capitalist, not a corporatist
Q: Back in 2008, you opposed the use of federal bailout funds for automakers as proposed then by the Bush administration. The automakers survived. In retrospect, do you still think that was the right position?SANTORUM:
Absolutely. I'm a capitalist, not a corporatist. I'm not someone who believes we should be bailing out corporations whether their auto industries, or banks.
The auto industry would have survived through a bankruptcy process, instead of Washington picking a winner and a loser. And, in this case, the losers are the bondholders, and the winners were the unions.
That's fine. They did it, the unions survived. We have not survived in continuing to grow manufacturing jobs. We have a president, and an economy right now, that is choking our ability to be able to compete.
Source: 2015 Fox Business/WSJ Second Tier GOP debate
Nov 10, 2015
Ted Cruz:
End sugar subsidies and corporate welfare
I mention 25 programs that I would eliminate. Among them is corporate welfare, like sugar subsidies. Let's take that as an example. Sugar farmers farm under roughly 0.2% of the farmland in America, and yet they spend 40% of
the lobbying money. That sort of corporate welfare is why we're bankrupting our kids, and grandkids. I would end those subsidies to pay for defending this nation.
Source: Fox Business/WSJ Second Tier debate
Nov 10, 2015
Page last updated: Dec 07, 2018