2016 IA Senate race: on Corporations


Patty Judge: Our corporate tax code is broken; MNCs don't pay fair share

Q: What changes would you propose in the federal tax policies? And how would they impact the goal of balancing the federal budget?

Patty Judge: Our tax code is broken and encourages companies to offshore profits and jobs. We need a tax code that puts working families first and ensures multinational corporations pay their fair share, which will also help balance the federal budget.

Source: Vote411.org League of Women Voters on 2016 Iowa Senate Race Sep 19, 2016

Tom Fiegen: Banks that are too big to fail are too big to exist

Bernie Sanders is absolutely right, too big to fail is too big to exist! We need to break up the big banks and bring back Glass Steagall. As a US Senator, I look forward to working with President Sanders's to re-enact Glass Steagall and break up the big banks.

It is time to break up the largest financial institutions in the country. The six largest financial institutions in this country today hold assets equal to about 60% of the nation's gross domestic product. These six banks issue more than 2/3 of all credit cards and over 35% of all mortgages.

We must break up too-big-to-fail financial institutions. Those institutions received a $700 billion bailout from the US taxpayer, and more than $16 trillion in virtually zero-interest loans from the Federal Reserve. Despite that, financial institutions made over $152 billion in profit in 2014--the most profitable year on record, and three of the four largest financial institutions are 80% bigger today than they were before we bailed them out. ?

Source: 2016 Iowa Senate campaign website, FiegenForUSSenate.com Oct 9, 2015

Tom Fiegen: Disallow corporate tax havens; tax income when earned

I want to end the practice of Congress of selling tax breaks in return for political contributions. If I could single out just one, it is the provision that allows U.S. corporations to earn income abroad and not pay tax on that profit until they bring it back into this country. The estimate was at the start of 2015 that there was over $3 trillion in US corporate profits stashed in tax havens like the Cayman Islands. If that income had been taxed when earned, like domestically earned profits, the Federal government would end the 2015 fiscal year with a $400 billion surplus, instead of a $600 billion deficit.
Source: 2016 Iowa Senate campaign website, FiegenForUSSenate.com Oct 9, 2015

  • The above quotations are from 2016 Iowa Senate race: debates and news coverage.
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Candidates and political leaders on Corporations:

Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN)
Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Nov 30, 2021