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Karen Bass on Corporations

 

 


Voted NO on workforce training by state block grants & industry partners.

Congressional Summary: Opponent's Argument for voting No:
    National League of Cities op-ed, "H.R. 803 fails because it would:"
  1. Undermine the local delivery system that has been the cornerstone of job training programs
  2. Establish a program that is based on political boundaries (states) rather than on economic regions and local labor markets, or the naturally evolving areas in which workers find paying work
  3. Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
  4. Change what was once a program targeted to those most in need--economically disadvantaged adults and youth and special population groups like veterans, migrant farm workers, and low income seniors--into a block grant to governors
  5. Contribute to the emerging division between those American's who have the requisite skills to find employment and those who do not.
Reference: SKILLS Act; Bill H.R. 803 ; vote number 13-HV075 on Mar 15, 2013

Expand lending caps for credit unions to small business.

Bass co-sponsored Small Business Lending Enhancement Act

Congressional Summary:

Supporter's Comments: (by CUNA, a pro-credit union organization)
America's small businesses are the engine of growth of our nation's economy. The effects of the financial crisis of the past few years have spread to all types of lending, resulting in a reduction in the availability of business credit. At a time when banks are withdrawing credit from America's small businesses, credit unions have actually been expanding credit to small businesses, but with more credit unions approaching the cap, this growth is threatened. Congress should enact legislation which increases the credit union member business lending cap from 12.25% of assets to 27.5% for well-capitalized credit unions

Opponent's Comments: (by the Independent Community Banks of America, Nov. 15, 2012)
The tax-subsidized credit union industry is pressing for doubling the statutory cap Congress placed on member business loans. Shifting assets from tax-paying banks to tax-exempt credit unions would reduce tax revenue to the government; the CBO estimates the revenue impact at $354 million over 10 years. We believe that banks are currently meeting the needs of credit-worthy businesses, as substantiated by numerous business surveys.

Source: HR1418 /S2231 12-S2231 on Mar 22, 2012

Rated 100% by UFCW, indicating an anti-management/pro-labor record.

Bass scores 100% 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 House scorecard is based on these key votes:
  1. (+) Extension of Trade Adjustment Assistance (TAA)
  2. (+) H. Am. 877 Bishop Am. to HR 3094, penalties for lawsuits against unionization
  3. (+) H. Am. 880 Jackson-Lee Am. to HR 3094, preventing delays in union votes
  4. (-) Middle Class Tax Relief and Job Creation Act, freezing public salaries
  5. (-) Regulation from the Executive in Need of Scrutiny (REINS) Act, for less corporate regulation
  6. (-) Repealing the Job-Killing Health Care Law Act
  7. (-) Workforce Democracy and Fairness Act, letting CEOs fire union organizers
Source: UFCW website 12-UFCW-H on May 2, 2012

Sponsored enforcing against corporate offshore tax haven banking.

Bass co-sponsored Stop Tax Haven Abuse Act

Congressional Summary:Stop Tax Haven Abuse Act: to impose restrictions on foreign jurisdictions or financial institutions operating in the US that are of prime money laundering concern or that significantly impede US tax enforcement.

Proponent's argument for bill: (by Jubilee USA Network, a religious antipoverty organization):

"The religious community couldn't be more pleased with this vital legislation that protects poor people inside and outside our borders. This legislation means that corporations can't rob billions of dollars from poor people across the globe. A critical piece of the legislation is country-by-country reporting of corporate payments to governments. Reporting at this level sheds light on the tax dodging that hurts all of us."

Source: H.R.1554 / S.268 13-H1554 on Apr 15, 2013

Reform bankruptcy to protect jobs and retirement.

Bass co-sponsored Protecting Employees and Retirees in Business Bankruptcies Act

    The Congress finds the following:
  1. Business bankruptcies have increased sharply in recent years and remain at high levels. These bankruptcies include several of the largest business bankruptcy filings in history. As the use of bankruptcy has expanded, job preservation and retirement security are placed at greater risk.
  2. Laws enacted to improve recoveries for employees and retirees and limit their losses in bankruptcy cases have not kept pace with the increasing and broader use of bankruptcy by businesses in all sectors of the economy. However, while protections for employees and retirees in bankruptcy cases have eroded, management compensation plans devised for those in charge of troubled businesses have become more prevalent and are escaping adequate scrutiny.
  3. Changes in the law regarding these matters are urgently needed as bankruptcy is used to address increasingly more complex and diverse conditions affecting troubled businesses and industries.
Source: H.R.100 13-HR0100 on Jan 3, 2013

Deregulating banks encourages discriminatory practices.

Bass voted NAY Banking Bill

Congressional Summary:

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

Reducing tax rates balloons federal deficit & cuts programs.

Bass voted NAY Tax Cuts and Jobs Act

Summary by GovTrack.US: (Nov 16, 2017)

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

    Voted YES on corporate transparency.

    Bass voted YEA The Corporate Transparency Act

    GovTrack.us Summary: Corporate Transparency Act (CTA): To ensure that persons who form corporations or limited liability companies disclose the owners, in order to prevent exploitation for criminal gain, to assist law enforcement against terrorism, money laundering, and other misconduct.

    Statement in support by Rep. Charlie Crist (D-FL-13): This bipartisan bill closes the shell corporation loophole by requiring identification of the actual person or persons who stand to gain financially from the arrangement. "Each year, nearly two million corporations are formed in the U.S., often requiring less information about the owner of than is needed to open a bank account. Unfortunately, this has allowed bad actors to exploit our laws--establishing shell companies that are used as a vehicle for money launderers and human traffickers," said Rep. Crist.

    Statement in opposition by The Heritage Foundation: Under the CTA, religious organizations and charities would be subject to fines unless they file a written certification with the Financial Crimes Enforcement Network. The CTA is easily and lawfully avoided by the sophisticated, and would do virtually nothing to achieve their stated aim of protecting society from illicit finance. The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act [ILLICT CASH Act, the Republican-introduced alternative] makes meaningful improvements to other aspects of anti–money laundering laws.

    Legislative outcome: Bill Passed House, 249-173-10 on Rollcall no. 577, Oct. 22, 2019. [The 116th Congress terminated with no Senate action on this bill].

    Source: Congressional vote 19-HR2513 on May 3, 2019

    2021-22 Governor, House and Senate candidates on Corporations: Karen Bass on other issues:
    CA Gubernatorial:
    Antonio Villaraigosa
    Brian Dahle
    Caitlyn Jenner
    Carly Fiorina
    David Hadley
    Delaine Eastin
    Doug Ose
    Eric Garcetti
    Eric Swalwell
    Gavin Newsom
    Hilda Solis
    Jerry Brown
    Jerry Sanders
    John Chiang
    John Cox
    Kamala Harris
    Kevin Faulconer
    Kevin Paffrath
    Larry Elder
    Laura Smith
    Neel Kashkari
    Travis Allen
    Xavier Becerra
    CA Senatorial:
    Dianne Feinstein
    Duf Sundheim
    Greg Brannon
    Kamala Harris
    Kevin de Leon
    Loretta Sanchez
    Michael Eisen
    Rocky Chavez
    Tom Del Beccaro
    Open Seats / Turnovers 2022:
    AL-5: Mo Brooks (R) running for AL Senator
    CA-37: Karen Bass (D) running for mayor of Los Angeles
    FL-10: Val Demings (D) running for FL Senator
    FL-13: Charlie Crist (D) running for FL governor
    HI-2: Kai Kahele (D) running for MD governor
    MD-4: Anthony G. Brown (D) running for attorney general of Maryland
    MO-4: Vicky Hartzler (R) running for MO Senator
    MO-7: Billy Long (R) running for MO Senator
    NY-1: Lee Zeldin (R) running for NY governor
    NY-3: Thomas Suozzi (D) running for NY governor
    NC-8: Ted Budd (R) running for NC Senator
    NC-11: Madison Cawthorn (R) Incumbent lost renomination
    OH-13: Tim Ryan (D) running for OH Senator
    OK-2: Markwayne Mullin (R) running for OK Senator
    OR-5: Kurt Schrader (D) Incumbent lost renomination
    PA-17: Conor Lamb (D) running for PA Senator
    SC-7: Tom Rice (R) Incumbent lost renomination
    TX-1: Louie Gohmert (R) running for attorney general of Texas
    VT-0: Peter Welch (D) running for VT Senator

    Special Elections 2021:
    LA-2: Troy Carter (R, April 2021)
    LA-5: Julia Letlow (R, March 2021)
    NM-1: Melanie Stansbury (D, June 2021)
    OH-11: Shontel Brown (D, Nov. 2021)
    OH-15: Mike Carey (R, Nov. 2021)
    TX-6: Jake Ellzey (R, July 2021)
    Hot Races 2022:
    CA-27: Christy Smith (D) vs. Mike Garcia (R)
    FL 27: Annette Taddeo (D) vs. Maria Elvira Salazar (R)
    GA-7: Carolyn Bourdeaux (D) lost redistricting race to Lucy McBath (D)
    GA-10: Vernon Jones(R) vs. Paul Broun (R,lost May 24 primary) to replace Jody Hice (R) running for Secretary of GA
    ME-2: Bruce Poliquin (R) rematch against Jared Golden (D)
    MI-10: John James (R) - running for newly redistricted seat
    MI-11: Andy Levin (D) redistricted to face Haley Stevens (D)
    MT 1: Ryan Zinke (R) - running for newly created seat
    MT-2: Al Olszewski(R) vs. Sam Rankin(Libertarian) vs. Matt Rosendale(R)
    NJ-7: Thomas Kean Jr. (R) challenging Tom Malinowski (R)
    NY-10: Bill de Blasio (D) challenging Mondaire Jones (D)
    NY-11: Max Rose (D) challenging Nicole Malliotakis (R)
    NY 12: Carolyn Maloney (D) redistricted to face Jerry Nadler (D)
    RI-2: Seth Magaziner (D) vs. Allan Fung (R)
    RI-1: Allen Waters (R) vs. David Cicilline (D)
    TX-34: Mayra Flores (R) - Elected SPEL June 2022; general election Nov. 2022 against Vicente Gonzalez (D)
    WA-4: Brad Klippert (R) challenging Dan Newhouse (R)
    WV-2: David McKinley lost a redistricting race to fellow incumbent Alex Mooney

    Special Elections 2022:
    AK-0: Sarah Palin (R) vs. Al Gross (Independent)
    CA-22: Connie Conway (R) replaced Devin Nunes on June 7.
    FL-20: Sheila Cherfilus-McCormick (D) replaced Alcee Hastings on Jan. 11.
    MN-1: vacancy left by Jim Hagedorn (R), deceased Feb. 17; SPEL on August 9.
    NE-1: Jeffrey Fortenberry (R) Resigned on March 31, after being convicted; Mike Flood (R) in SPEL on June 28.
    NY-19: Marc Molinaro (R) running for SPEL Aug. 23 for seat vacated by Antonio Delgado (D), now Lt.Gov.
    TX-34: Mayra Flores (R) SPEL June 14 for seat vacated by Filemon Vela Jr. (D)
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    Page last updated: Jun 19, 2022; copyright 1999-2022 Jesse Gordon and OnTheIssues.org