State of South Carolina secondary Archives: on Corporations

Jeb Bush: Hedge fund managers should pay taxes the same as others

BUSH: Of course, not. Private equity people and hedge fund folks that are, right now getting capital gains treatment for the income they earn, should pay ordinary income tax like everybody else. What we need is to reform the tax code to simplify rates.

Lindsey Graham: AdWatch: Hero of the taxpayer & guardian of small business

Jay Stamper: Stop giving away millions in corporate welfare

Lindsey Graham: 1997: Created trucking logistics company with 100 employees

With a lot of hard work, the business grew substantially. In less than six years we were grossing in excess of $10 million and running scores of trucks to all parts of the continental US. At the peak of the business I was able to create jobs for over 100 people.

I can testify to the mind-boggling costs of government regulations. Naturally, we also had to hire accountants & lawyers, just to keep compliant with 48 different state-regulators, the Federal government (particularly the IRS and Interstate Commerce Commission), all the while fending off the Teamsters union.

Rick Wade: Served in Obama's U.S. Commerce Department

This won't be Wade's first bid for elected office. In 2002 he was handily defeated by Republican Mark Hammond in the race for S.C. Secretary of State--although at that point he had yet to build a national network of supporters.

We also expect Wade--who helped lead Obama's 2008 minority turnout effort--to help mobilize black voters in a big way in 2014.

Mitt Romney: Capitalism works; free enterprise works; & profit works

ROMNEY: I know we're going to get attacked from the left, from Barack Obama, on capitalism. My view is, capitalism works. Free enterprise works. And I find it kind of strange, on a stage like this, with Republicans, having to describe how private equity and venture capital create jobs. I think Adam Smith was right, and I'm going to stand and defend capitalism across this country,

Q: You claimed Bain Capital created 120,000 jobs. Could you do the math?

ROMNEY: We started a number of businesses; four in particular created 120,000 jobs. There are others lost jobs: about 10,000. So 120,000 less 10,000 means that we created something over 100,000 jobs. Some businesses we acquired grew, like Domino's Pizza and Duane Reade and others.

Nikki Haley: Reduce red tape; time is money

Mark Sanford: Cut corporate income tax by raising cigarette tax

Hillary Clinton: Corporate elite treat working-class America as invisible

A: Well, it’s a mixed blessing. When Wal-Mart started, it brought goods into rural areas, like rural Arkansas where I was happy to live for 18 years, and gave people a chance to stretch their dollar further. As they grew much bigger, though, they have raised serious questions about the responsibility of corporations & how they need to be a leader when it comes to providing health care & having safe working conditions and not discriminating on the basis of sex or race. This is all part, though, of how this administration and corporate America today don’t see middle class and working Americans. They are invisible. They don’t understand that if you’re a family that can’t get health care, you are really hurting. But to the corporate elite and to the White House, you’re invisible. So we need to get both public sector and private sector leadership to start stepping up and being responsible and taking care of people.

John Edwards: Hedge fund investors help figure out and reduce poverty

A: I think the financial markets are an important component of trying to figure out what it is we need to do about the fact that we have 47 million people without health care, 37 million people who wake up in poverty every day. They play an enormous role in how money moves in this country. And I believe that we have a responsibility to the people in this country who wake up every day worried about feeding and clothing their children. And I think those people in New York who work in financial markets understand--in some ways, at least--what can be done and can play a significant role in trying to lift people up who are struggling. I am proud of what I’ve been doing for the last few years. You know, I’ve been all over the country, organizing workers into unions and raising the minimum wage, and also working at a poverty center at the University of North Carolina.