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Norm Coleman on Corporations
Republican Sr Senator (MN)
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Reduce corporate tax; eliminate corporate capital gains tax
Q: Would you vote to reduce the U.S. corporate tax rate from 35 percent to 25 percent or lower without offsetting tax increases (PAYGO)?A: Yes.
Q: Would you vote to reduce or eliminate the corporate capital gains tax?
A: Yes.
Q: Would you vote for a permanent, strengthened R&D tax credit?
A: Yes.
Q: Would you vote against imposing “windfall profits” taxes on energy companies?
A: Yes.
Source: BIPAC 2008 Senate Candidate Questionnaire
Nov 1, 2008
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
Rated 91% by the US COC, indicating a pro-business voting record.
Coleman scores 91% 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
Prevent money laundering by disclosing corporate owners.
Coleman co-sponsored preventing money laundering by disclosing corporate owners
A bill to ensure that persons who form corporations in the United States disclose the beneficial owners of those corporations, in order to prevent wrongdoers from exploiting United States corporations for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations, and for other purposes.
Source: S.2956 2008-S2956 on May 1, 2008
Page last updated: Nov 22, 2009