Republican Party on Corporations

Party Platform


Loosen financial regulation, roll back Dodd-Frank Act


Republicans: Loosen financial regulation. Rolled back parts of Dodd-Frank Act, law that tightened regulations for banks and other financial institutions. Said law harmed smaller banks. Loosen rules on interest rates from auto lenders. Ended Obama-era rule making auto lenders ensure minorities weren't charged higher rates.

Democrats: Tighten financial regulation. Restore Consumer Financial Protection Bureau provisions cut by Trump administration.

Source: CampusElect on 2020 Major Party positions , Aug 30, 2020

OpEd:GOP replaces scientific fact with profit-driven opinion

Convincing Americans not to trust the government was the first step. Grover Norquist famously explained the ultimate conservative mission, "to get government down to the size where we can drown it in the bathtub." For decades, Congressional Republicans have executed this second step by stripping crucial bureaucracies of funding, sometimes aided by cowed Democrats. Waves of privatization, deregulation, and sequestration had their desired effects: fewer hand on deck. The third step has been replacing scientific fact with profit-driven opinion. From the climate change deniers to the congressional prohibition of unpopular scientific studies, modern conservative ideology has rejected research as a necessary ingredient for decision making.

The weakening of our public administration infrastructure has reached its pinnacle in the Trump administration. Trump's actions have built on the GOP's intentional destruction of institutions, and has left America weakened in a time of international crisis.

Source: Our Time Is Now, by Stacey Abrams, p.256-7 , Jun 9, 2020

FactCheck: Obama didn't say "you didn't build that"

The RNC Chairman announced the theme for Tuesday would be "We Built It," and that they would remind their audience of a clumsy quote from Obama that they've been taking out of context ever since he said it.

Obama did utter the words 'You didn't build that,' but the full context of his remarks makes it clear he was saying taxpayer-funded public support "gave you some help" to succeed in business.

Obama, July 13: "If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody invested in roads & bridges. If you've got a business--you didn't build that. Somebody else made that happen.."

The Obama campaign says the word "that" in the phrase "you didn't build that" refers to roads and bridges [but the clumsy grammar allows for misinterpretation]. There is no room for misinterpretation, however, in Obama's summary statement: "When we succeed, we succeed because of our individual initiative, but also because we do things together."

Source: FactCheck.org on 2012 Republican National Convention , Aug 30, 2012

World's highest corporate tax rate cripples job creation

American businesses now face the world's highest corporate tax rate. It reduces their worldwide competitiveness, encourages corporations to move overseas, lessens investment, cripples job creation, lowers U.S. wages, and fosters the avoidance of tax liability-without actually increasing tax revenues. To level the international playing field, and to spur job creation here at home, we call for a reduction of the corporate rate to keep U.S. corporations competitive internationally, with a permanent research and development tax credit, and a repeal of the corporate alternative minimum tax. We also support the recommendation of the National Commission on Fiscal Responsibility and Reform, as well as the current President's Export Council, to switch to a territorial system of corporate taxation, so that profits earned and taxed abroad may be repatriated for job-creating investment here at home without additional penalty.
Source: 2012 Republican Party Platform , Aug 27, 2012

Let businesses help define regulatory rules.

Party signed letting businesses help define regulatory rules

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Barack Obama(D,2009-2017)
George W. Bush(R,2001-2009)
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Harry S Truman(D,1945-1953)

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Page last updated: Feb 24, 2022