Interviews during 2017-2019: on Corporations
Jo Jorgensen:
Government over-regulates private businesses
Q: Tighten or loosen regulation of banks and credit card companies?Jo Jorgensen: Loosen. "The government is currently over-regulating private businesses." "Will work to eliminate policies that cripple economic growth."
Howie Hawkins: Tighten. Wants to "socialize the big banks," with public banking at municipal, state, and federal levels and a new Glass-Steagall Act to better regulate banking.
Source: CampusElect on 2020 presidential hopefuls
Aug 30, 2020
Gloria La Riva:
Reregulation of the banking and insurance industries
We call for all financial and insurance institutions to be socially owned and operated by a democratically-controlled national banking authority, which should include credit unions, mutual insurance cooperatives, and cooperative state banks.
In the meantime, we call for reregulation of the banking and insurance industries.
Source: Socialist PSL Platform adopted by 2020 presidential hopeful
Aug 3, 2020
Gloria La Riva:
Breakup large media companies, re-regulate industry
We support the breakup of large media companies so that no one owns more than one newspaper, radio or television station, or television channel. We call for the re-regulation of the communications industry. We call for government ownership of
satellite and cable companies.We support public funding of newspapers and magazines. We oppose all efforts to trim "fair use" rights. We call for the repeal of all existing copyright extension laws.
Source: Socialist PSL Platform adopted by 2020 presidential hopeful
Aug 3, 2020
Howie Hawkins:
Break up largest banks so that none is too big to fail
Break up our nation's largest banks and financial institutions so that none is "too big to fail." End taxpayer- funded bailouts for banks, insurers and other financial companies. Re-enact the Glass-Steagall Act,
which prohibited bank holding companies from owning other financial companies and engaging in risky economic transactions. Oppose the federal government being the final guarantor of speculative investments.
Greens believe the legal structure of the corporation is obsolete. At present, corporations are designed solely to generate profit. This legal imperative--profit above all else--is damaging our country and our planet in countless ways.
We must change the legal design of corporations so that they generate profits, but not at the expense of the environment, human rights, public health, workers, or the communities in which the corporation operates.
Source: Green Party Platform adopted by 2020 presidential hopeful
Jul 12, 2020
Howie Hawkins:
Amend Constitution: corporations are not persons
We propose the following amendment to the Constitution of the United States:The rights established by this Constitution and the laws of the United States of America are exclusively the rights of living, breathing humans, citizens of this
country or residing therein. No corporation or other type of association or organization can have the status of a "legal person" and thus cannot derive rights from such status.
Source: Green Party Platform adopted by 2020 presidential hopeful
Jul 12, 2020
Rocky De La Fuente:
Eliminate special interest exemptions & corporate welfare
A fair taxation policy without prejudice or special interest exemptions means the tax code must reviewed and reformed to create a new tax system that will stimulate economic development, is fundamentally fair, eliminates corporate
welfare, excludes loopholes, and would be sufficient to pay for essential federal government operations.
Source: Reform Party Platform adopted by 2020 presidential hopeful
Jun 22, 2020
Bernie Sanders:
Nothing personal against billionaires, but enough is enough
I have nothing personal against any billionaire. No one is denigrating the achievements of Bill Gates or anybody else. No one is denigrating people who have made significant achievements but enough really is enough. In terms of worker control,
I believe it is important to put workers on the boards of directors of major corporations. When you do that, corporations are not going to be so quick to shutdown in America and move to China, move to Mexico, and to move to other low wage countries.
Source: Fox News Sunday interview on 2020 Presidential hopefuls
Mar 8, 2020
Mike Bloomberg:
$5 trillion in new revenue from high earners & corporations
[The New York Times reports that] Michael Bloomberg's plan would raise an estimated $5 trillion in new tax revenue from high earners and corporations, a proposal that would almost certainly raise his personal tax bill but is less aggressive
than those from his most liberal rivals for the Democratic presidential nomination.The proposal includes a repeal of President Trump's 2017 tax cuts for high earners, along with a new 5 percent 'surcharge' on incomes above $5 million per year.
It would raise capital gains taxes for Americans earning more than $1 million a year and maintain a limit on federal deductions of state and local tax payments set under the 2017 law, which some
Democrats have pushed to eliminate.
The Wall Street Journal reports that "Bloomberg's tax policies would place him in the middle of the pack of his rivals for the Democratic nomination."
Source: PoliticalWire.com on 2020 Presidential hopefuls
Feb 1, 2020
Pete Buttigieg:
Capitalism is good, but it must be subject to rules
America is a capitalist society. But it's got to be democratic capitalism. When you have capitalism capturing democracy, where powerful corporations are able to arrange the rules for their benefit, that's not real capitalism.
If you want to see what happens when you have capitalism without democracy, you can see it very clearly in Russia. It turns into crony capitalism. And that turns into oligarchy.
Source: Meet the Press 2019 interview of 2020 presidential hopefuls
Apr 7, 2019
Elizabeth Warren:
Use anti-trust to break up anti-competitive businesses
Q: Do you apply monopoly rules to big tech companies?A: You want to run a platform, that's fine. You don't get to run a whole bunch of the businesses as well. You want to run a business, that's fine. You don't get to run the platform. Think of it
this way: It's like in baseball. You can be the umpire or you can own one of the teams, but you don't get to be the umpire and own the teams.
Q: If you had your way, Facebook would have to sell off Instagram? Amazon would have to sell off Whole Foods?
A: All those little businesses that they're running, competing businesses. Yep.
Q: Who is the federal government to tell these companies they have to do that?
A: There's anti-trust law. It's been around for more than a hundred years.
And the federal government has done this many times, for example, broke up Standard Oil, broke up the great monopolies of the late nineteenth century and early twentieth century. And the reason for that is so that we can keep a competitive economy.
Source: CBS Face the Nation 2019 on 2020 Presidential hopefuls
Mar 10, 2019
Elizabeth Warren:
Breakup online monopolies; wealth shouldn't be concentrated
During her time onstage Warren discussed her proposal to break up big, powerful tech companies like Facebook,
Google, and Amazon. "The monopolist will make fewer monopoly profits--boo hoo," she said of those who stand to lose money from her plan.
Source: Mother Jones mag.: 2019 SXSW for 2020 presidential hopefuls
Mar 1, 2019
Bill de Blasio:
Amazon exemplifies abuse of corporate power by leaving NYC
New York Mayor Bill de Blasio on Sunday slammed Amazon.com Inc.'s decision to pull out of a second headquarters in the city as "an example of an abuse of corporate power" that hurts working people. "Amazon just took their ball and went home," de
Blasio said Sunday on NBC's "Meet the Press." "What they did was confirm people's worst fears about corporate America."... "They couldn't handle the heat in the kitchen," de Blasio said. "They let a lot of working people down in the bargain."
Source: Bloomberg News on 2020 presidential hopefuls
Feb 17, 2019
Howard Schultz:
Rich should pay higher taxes, and corporations too
Q: What about taxing the wealthy more? A: I should be paying more taxes. And people who are in the bracket of making millions of dollars, or whatever the number might be, should be paying more taxes. I was very vocally against
President Trump's corporate tax. Corporate tax rate of 21 percent should have never happened.
Q: What's the appropriate top tax rate?
A: I don't know what the number is, but what I'm suggesting is,
I should be paying higher taxes. And I think people across the country are willing to pay higher taxes, but there's a caveat there.
When you ask people to pay more taxes, we have to make sure that there is an agreement that your additional tax dollars are going to be spent wisely by the government.
Source: CNN Town Hall: 2020 presidential hopefuls
Feb 12, 2019
John Delaney:
Raise corporate taxes to pay for infrastructure
- Infrastructure: Repatriate tax revenue to fund bipartisan infrastructure package.
- At the top of Delaney's list of priorities, both as a congressman and presidential candidate, is investment in infrastructure.
-
A year ago, he wrote a letter urging Trump to raise the corporate tax rate from 21 percent to 23 percent in order to fund a $200 billion infrastructure package. In Congress, he strongly opposed the tax reform bill passed by Republicans in
2017 (which lowered the corporate tax rate from 35 percent to 21 percent).
- The tax bill included measures incentivizing companies to bring overseas earnings back to the United States; Delaney argued that the revenue should have been put towards
infrastructure spending.
- Each House session he was in Congress, Delaney introduced the Partnership to Build America Act to fund a $750 billion infrastructure package.
Source: PBS News hour on 2020 Presidential hopefuls
Feb 4, 2019
Kamala Harris:
New fees on banks and financial institutions
- Tax Cuts: Reverse some measures in the Tax Cuts and Jobs Act. Instead, create new direct tax breaks for middle and lower classes.
- Harris has proposed the LIFT the Middle Class Act, which would give a $3,000 refundable tax credit [to the
middle class].
- She would pay for the multitrillion-dollar plan by eliminating some of the tax cuts put in place by the Republican-sponsored Tax Cuts and Jobs Act and by creating a new tax or fee on some banks and financial institutions.
Source: PBS News hour on 2020 Presidential hopefuls
Jan 21, 2019
Bill de Blasio:
Plenty of money in NYC, but it's in the wrong hands
Mr. de Blasio railed against big business, promised to seize the buildings of scofflaw landlords and pointedly framed the argument over income inequality--long a theme of his rhetoric as mayor--in zero-sum terms. "Here's the truth, brothers and sisters,
there's plenty of money in the world. Plenty of money in this city," the mayor said, flanked by screens with graphs of productivity outpacing compensation. "It's just in the wrong hands!"
Source: N. Y. Times, "Wrong Hands," on 2020 presidential hopefuls
Jan 10, 2019
Beto O`Rourke:
Raise corporate rates to fund higher education
The cost estimate on ensuring that everyone is able to complete two years of higher education is estimated to be $60 billion over the next 10 years. We just lowered the corporate tax rate from 35% to 21%. If we took it back up not to where it was but to
perhaps to 25% or 26%, we'd generate between $500 billion to $600 billion. I'd move that corporate tax rate up to make sure that everyone, especially those corporations which are doing fine, pay their fair share so that all of us can get ahead.
Source: CNN Town Hall: 2020 presidential hopefuls
Oct 18, 2018
Elizabeth Warren:
Wants workers to choose 40% of corporate boards
The Accountable Capitalism Act would require the largest corporations to allow workers to choose 40 percent of their board seats. The proposal is meant to provide an antidote to short-term thinking in the biggest businesses--and to short-circuit the
ease with which CEOs make decisions that enrich themselves at the expense of workers and the underlying health of their firm. A similar system exists in Germany, and it goes by the name "codetermination."
Source: The Atlantic, "Capitalism," on 2020 presidential hopefuls
Aug 28, 2018
Howard Schultz:
American Dream can't be accessible only in right zip code
Schultz, one of the most politically outspoken corporate leaders in America, has been rumored before as a potential Democratic candidate.He started at Starbucks in 1982 and served as chief executive from 1987 to 2000 and again from 2008 to 2017.
He is leaving at a tumultuous moment in Starbucks' history [where Starbucks has ordered racial sensitivity training for all staff].
In a speech to Starbucks shareholders in 2016, Schultz said he feared that the opportunities that allowed him to achieve his American Dream--he grew up in subsidized housing in
Brooklyn--have escaped the grasp of too many people. "The American Dream can't be only accessible to people of privilege who are white and live in the right zip code," he said.
Source: CBS Boston on 2020 presidential hopefuls
Jun 4, 2018
Marco Rubio:
Big corporations gave out bonuses instead of reinvesting
Most Republican congressmen remain entranced by the limited-government shibboleths, but Rubio's proposal, to double the tax credit to $2,000 per child and pay for it by making a small increase to the corporate rate his party wanted, was decried by some
Republicans as socialism. The watered-down version they accepted, as the price of Rubio's support for the bill, excluded the poorest families. "There is still a lot of thinking on the right that if big corporations are happy, they're going to take the
money they're saving and reinvest it in American workers," he says. "In fact they bought back shares, a few gave out bonuses; there's no evidence whatsoever that the money's been massively poured back into the American worker."His golden back-story,
as a son of poor immigrants, helps with that--and looks more relevant now than ever. "My relatives are firefighters and nurses and teachers and electricians," he says. "These are people who are not all that excited about the new economy."
Source: The Economist on 2020 presidential hopefuls
Apr 26, 2018
Tom Steyer:
Trump puts corporate interests ahead of people's interests
Q: During the confirmation hearings for Rex Tillerson and others, you took out attack ads.Steyer: Those guys disagree with us on almost every point. One of the things we strongly believe is that the people Trump nominated put corporate interests
ahead of American interests. We feel it's important to get citizens to be reminded of this common thread: that the new administration doesn't hate working against climate change, they don't hate science--they just love oil and gas profits.
Source: Nick Stockton in Wired.com on 2020 presidential hopefuls
Mar 23, 2017
Joe Sestak:
Favors increasing corporate tax rate & restoring estate tax
He favors tax incentives for investors in start-ups and driving down regulator costs. On healthcare, Sestak wants affordable and comprehensive insurance and coverage for pre-existing conditions. He calls for restoring the Affordable Care Act.
He said he'd pay for the proposals with tax reform, which would increase the corporate tax rate, restore an estate tax on the wealthiest families, and increasing taxes on Wall Street hedge fund managers and those who make more than $250,000.
Source: United Press International on 2020 presidential hopefuls
Jun 25, 2015
Joe Walsh:
Occupy Wall Street is a well-orchestrated Socialist movement
Rep. Joe Walsh (R-IL) slammed Occupy Wall Street protesters during a town hall meeting, calling the movement a "well-orchestrated, well-funded, far left effort to disrupt the American people" before admitting that he had never attended a protest.
Walsh, who apologized last week after screaming at a constituent during a similar event, was reacting to constituent criticism of the Occupy movement when he let them know how he felt about it, to a mix of applause and boos.
Walsh said that Occupy
protesters are "generally spoiled, pampered, unfocused, clueless young people and a smattering of other people who don't understand this country and are advocating anti-American solutions."
When one constituent stood up and pointed out that veterans
have participated in the Occupy movement, Walsh brushed it off. "I don't know how many veterans are part of the Occupy protest," he said. "I can't imagine it's many. But anyone who would advocate socialist solutions--they don't understand this country."
Source: Huffington Post on 2020 presidential hopefuls
Nov 21, 2011
Joe Walsh:
Index capital gains tax to inflation
Today, Congressman Joe Walsh introduced H.R. 2945 to increase capital access for individuals and small businesses looking to invest and create jobs. Specifically, the bill will amend the Internal Revenue Code to index the capital gains tax to inflation
so that taxes are not paid on inflation."This bill will benefit all Americans and create quality jobs in our communities," said Congressman Walsh. "By not forcing Americans to pay taxes on inflation, we are providing much needed tax relief to
American families and freeing up the capital that businesses need to hire more employees."
"This is the type of real action that Washington needs to take to remove impediments to job growth in this country. Throwing more irresponsible stimulus money
at the problem is not going to create jobs. Common-sense tax and regulatory reforms like my bill will enable American families and businesses to create jobs now and invest in the future."
Source: 2011 House press release by 2020 presidential hopefuls
Sep 16, 2011
Page last updated: Nov 01, 2021