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Ron Johnson on Corporations
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I'd be the only manufacturer in the Senate
Feingold suggested that Johnson is out of his league as a political businessman. Johnson, who has no political experience, has anchored his campaign on his three-decade background as an accountant and manufacturer. He has called Feingold fiscally
irresponsible because the senator voted for the "budget-busting" health care reform law and economic stimulus bill. Feingold fired back, saying that Democratic Sen. Herb Kohl--who helped develop his family-owned department store chain--has far more
Source: Washington Post coverage of 2010 Wisc. Senate debate
, Oct 22, 2010
I'd be the only manufacturer in the Senate
polished business credentials than Johnson and also supported both measures. "What's wrong with his business judgment?" asked Feingold, who until Friday had not mentioned his colleague's name on the campaign trail. Johnson responded by saying he
would be the only manufacturer in the Senate, which would give him the small-business perspective that longer-tenured politicians lack. "I think America likes our manufacturing, and producing products again," Johnson said.
Source: Washington Post coverage of 2010 Wisc. Senate debate
, Oct 22, 2010
Rated 14% by UFCW, indicating a pro-management voting record.
Johnson scores 14% by UFCW on labor-management issues
The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
The UFCW Senate scorecard is based on these key votes: - American Jobs Act (+)
- Balanced Budget Amendment (-)
- Rejecting Cut, Cap, and Balance (+)
- Repeal Health Care Law (-)
- Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
- Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
- Trade Adjustment Assistance Extension Act (TAA) (+)
Source: UFCW website 12-UFCW-S on May 2, 2012
Regulatory relief for smaller banks stimulates growth.
Johnson voted YEA Banking Bill
Congressional Summary:
Economic Growth, Regulatory Relief, and Consumer Protection Act- TITLE I--IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT: [for small banks,] requirements are waived if a loan is originated by and retained by the institution
- TITLE II--REGULATORY RELIEF AND PROTECTING CONSUMER ACCESS TO CREDIT: [deregulate] reciprocal deposits [if they] do not exceed 20% of its total liabilities.
- TITLE III--PROTECTIONS FOR VETERANS, CONSUMERS, AND HOMEOWNERS
- TITLE IV--TAILORING REGULATIONS FOR CERTAIN BANK HOLDING COMPANIES
- TITLE V--ENCOURAGING CAPITAL FORMATION
- TITLE VI--PROTECTIONS FOR STUDENT BORROWERS
Supporting press release from Rep. Tom Emmer (R-MN-6): This legislation will foster economic growth by providing relief to Main Street, tailor regulations for better efficacy, and most importantly it will empower individual Americans and give them more opportunity.
Opposing statement on ProPublica.org from Rep. Gregory Meeks (D-NY-5): The bill includes many provisions I support: minority-owned banks and credit unions in underserved communities have legitimate regulatory burden concerns. Unfortunately, exempting mortgage disclosures enacted to detect discriminatory practices will only assist the Trump Administration in its overall effort to curtail important civil rights regulations. I simply cannot vote for any proposal that would help this Administration chip away at laws that I and my colleagues worked so hard to enact and preserve.
Legislative outcome: Passed House 258-159-10 on May 22, 2018(Roll call 216); Passed Senate 67-31-2 on March 14, 2018(Roll call 54); Signed by President Trump. May 24, 2018
Source: Congressional vote 16-S2155 on Mar 14, 2018
Supports letting businesses disagree with same-sex marriage.
Johnson supports the AFA survey question on same-sex discrimination
The American Family Association Action Voter Guide asked if candidates agree or disagree with the statement, 'I support legislation such as the First Amendment Defense Act (FADA) that would prohibit discrimination against individuals, organizations and sThe American Family Association Action Voter Guide asked if candidates agree or disagree with the statement, 'I support legislation such as the First Amendment Defense Act (FADA) that would prohibit discrimination against individuals, organizations and small businesses because of their belief that marriage is only a union of one man and one woman.'
American Family Association Action (AFA Action) produces the online "iVoterGuide" for selected state and federal races. The mission of AFA Action is to inform and mobilize individuals to strengthen the biblical foundations of America.
Source: American Family Association survey 16AFA_Q3A on Nov 8, 2016
Reduce corporate tax rates from 35% to 21% to create jobs.
Johnson voted YEA Tax Cuts and Jobs Act
Summary by GovTrack.US: (Nov 16, 2017)
For Corporations:- Reduce the corporate tax rate to 21% from 35%.
- Overseas earnings would be taxed at 15.5% as opposed to the current 35%. This may seem like an enormous reduction, but current law only taxes overseas earnings if they are returned to the US; the 15.5% rate would apply regardless.
For Individuals:- Lower the rate for the highest earners from 39.6% to 37%.
- Nearly double the standard deductions for individuals but repeal personal exemptions.
- The Affordable Care Act's individual mandate would be repealed.
Case for voting YES by Heritage Foundation (12/19/17):This is the most sweeping update to the US tax code in more than 30 years. The bill would lower taxes on businesses and individuals and unleash higher wages, more jobs, and untold opportunity through a larger and more dynamic economy. The bill includes many pro-growth features, including a deep reduction in the corporate
tax rate, a scaled-back state and local tax deduction, full expensing for five years, and lower individual tax rates. Case for voting NO by Sierra Club (11/16/17): Republicans have passed a deeply regressive tax plan that will result in painful cuts to core domestic programs, to give billionaires and corporate polluters tax cuts while making American families pay the price. Among the worst provisions:
This plan balloons the federal deficit by over $1.5 trillion. Cutting taxes for the rich now means cuts to the federal budget and entitlements later.The bill hampers the booming clean energy economy by ending tax credits for the purchase of electric vehicles and for wind and solar energy.The bill opens up the Arctic Refuge to drilling, a thinly veiled giveaway to the fossil fuel industry.Legislative outcome: Passed House, 224-201-7, roll call #699 on 12/20; passed Senate 51-48-1, roll call #323 on 12/20; signed by Pres. Trump on 12/22.
Source: Congressional vote 17-HR1 on Nov 16, 2017
Page last updated: Sep 26, 2022; copyright 1999-2022 Jesse Gordon and OnTheIssues.org