George Allen on Corporations

	George Allen on Corporations Republican Senate Challenger

Encourage corporations to repatriate their foreign earnings

Both Allen and Kaine said they support tax reform that would encourage corporations to repatriate their foreign earnings. And they said they want to make it easier for foreign students to get visas and green cards after they graduate from American universities. Source: Washington Post coverage of 2012 Virginia Senate Debates , Jun 28, 2012

Focus on small business and job creation

According to Radtke, auring his Senate term, Allen "voted for every single spending bill, added $3 trillion to the national debt, and he voted for his own salary increase when we were deficit spending. He took money from Fannie and Freddie Mac and refused to support reform, and we're still reeling from that, even today. And he voted for the largest expansion of entitlements since Lyndon Johnson's Great Society." Allen stuck to what he called his "positive agenda," focusing on small business and job creation. He said he'd support "policies that actually make it easier to invest and create jobs, including simple, fair and competitive tax laws, reasonable regulations, affordable, plentiful American energy, and empowering education opportunities that will send a message to the world that America is open for business again." Source: Washington Post on 2012 Virginia Senate debate , May 12, 2012

Voted NO on repealing tax subsidy for companies which move US jobs offshore.

Amendment to repeal the tax subsidy for certain domestic companies which move manufacturing operations and American jobs offshore. Reference: Tax Subsidy for Domestic Companies Amendment; Bill S AMDT 210 to S Con Res 18 ; vote number 2005-63 on Mar 17, 2005

Voted YES on reforming bankruptcy to include means-testing & restrictions.

Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Voting YES would:

Declare a debtor eligible only for Chapter 13, as anyone financially capable of paying back their creditors at a rate that still allows them to earn above their state's median income
Place domestic support obligations such as child support and alimony amongst the first priority claim category of non-dischargeable debts on a debtor filing for bankruptcy
Require debtors to pay for and attend credit counseling prior to filing for bankruptcy
Cap home equity protection at $125,000 if the debtor purchased a house within 40 months of filing for bankruptcy.

Reference: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005; Bill S 256 ; vote number 2005-44 on Mar 10, 2005

Voted YES on restricting rules on personal bankruptcy.

Vote to pass a bill that would require debtors able to repay $10,000 or 25 percent of their debts over five years to file under Chapter 13 bankruptcy (reorganization and repayment) rather than Chapter 7 (full discharge of debt). Reference: Bill HR 333 ; vote number 2001-236 on Jul 17, 2001

Rated 100% by the US COC, indicating a pro-business voting record.

Allen scores 100% by US Chamber of Commerce on business policy

Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.

Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.

Mission Statement:

"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."

The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position. Source: COC website 03n-COC on Dec 31, 2003

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Page last updated: Oct 27, 2021