Greg Gianforte on Corporations

	Greg Gianforte on Corporations

Voted to roll back Dodd-Frank bank regulations

Q: Tighten or loosen regulation of banks and credit card companies?

Greg Gianforte: Loosen. Voted to roll back Dodd-Frank bank regulations, which opponents said disadvantaged smaller banks.

Mike Cooney: Maintain or tighten. Criticized Gianforte's vote for "rolling back financial regulations on large financial institutions."

Source: CampusElect survey on 2020 Montana Gubernatorial race , Nov 3, 2020

BootStrapping for Businesses: mentors entrepreneurs

Proven Job Creator: Greg is the Founder & former CEO of RightNow Technologies. He created hundreds of jobs in Bozeman, Montana with an average salary near $90,000 a year. Greg is the author of "BootStrapping for Businesses", which he uses to mentor entrepreneurs. He chairs the MT High Tech Business Alliance. Through his career, Greg founded five start-ups, creating jobs for over 1,200 people. Not a Government Insider: Greg spent his entire career creating jobs in the private sector. His first business was at age 14, mowing lawns. Recently, he launched Better Montana Jobs in order to lift Montana up from the trenches of being 49th in the nation in wages.

Recently, Greg was inducted into the Montana Business Hall of Fame at MSU-Billings. In addition to founding RightNow Technologies, he is the Managing Director of Bozeman Technology Incubator.

Source: 2016 Montana governor's campaign website GregForMontana.com , Feb 3, 2016

Regulatory relief for smaller banks stimulates growth.

Gianforte voted YEA Banking Bill

Congressional Summary:

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

Reduce corporate tax rates from 35% to 21% to create jobs.

Gianforte voted YEA Tax Cuts and Jobs Act

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

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.

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

PVS:Lower corporate taxes promote economic growth.

Gianforte supports the PVS survey question on corporate tax cuts

Project Vote Smart inferred whether candidates agree or disagree with the statement, 'Economy: Do you support lowering corporate taxes as a means of promoting economic growth?' PVS self-description: "The Political Courage Test provides voters with positions on key issues. Historically, candidates have failed to complete our test due to the advice they receive from their advisors and out of fear of negative attack ads."

Source: PVS Survey 18PVS-11b on Aug 1, 2018

Voted NO on corporate transparency.

Gianforte voted NAY 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

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*MT Gubernatorial:* Ryan Busse Tanner Smith *MT Senatorial:* Brad Johnson John Driscoll John Mues Jon Tester Mike Cooney Steve Bullock Steve Daines Susan Good Geise Tim Sheehy Wilmot Collins	*Gubernatorial Debates 2023:* KY: Incumbent Andy Beshear(D) vs.State A.G. Daniel Cameron(R) vs.Ambassador Kelly Craft(R) vs.State Auditor Mike Harmon(R) LA: Incumbent John Bel Edwards(D,term-limited) vs.Jeff Landry(R) vs.Shawn Wilson(D) vs.John Schroder(R) vs.Sharon Hewitt(R) MS: Incumbent Tate Reeves(R) vs.Bill Waller(R,withdrew) vs.Brandon Presley(D) *Gubernatorial Debates 2024:* DE: Gov. John Carney (D, term-limited); vs. Lt. Gov. Bethany Hall-Long (D) vs. County Exec. Matt Meyer (D) vs. State Rep.Mike Ramone (R) IN: Gov. Eric Holcomb (R, term-limited); vs. Sen. Mike Braun (R) vs. Suzanne Crouch (R, lost May 7 primary) vs. Eric Doden (R, lost May 7 primary) vs. Attorney General Curtis Hill (R, lost May 7 primary) vs. Jennifer McCormick (D) MO: Gov. Mike Parson (R, term-limited): vs. Secretary of State Jay Ashcroft (R) vs. State Senator Bill Eigel (R) vs. Lt.Gov. Mike Kehoe (R) vs. House Minority Leader Crystal Quade (D) MT: Gov. Greg Gianforte (R) vs. Ryan Busse (D) vs. State Rep. Tanner Smith (R, lost June 4 primary)	*Gubernatorial Debates 2024 (continued):* NC: Gov. Roy Cooper (D, term-limited); vs. Lt.Gov. Mark Robinson (R) vs. Attorney General Josh Stein (D) vs. Treasurer Dale Folwell (R, lost March 5 primary) vs. Justice Michael Morgan (D, lost March 5 primary) vs. State Senator Andy Wells (R,withdrew) vs. Rep.Mark Walker (R, withdrew) ND: Gov. Doug Burgum (R, retiring) vs. State Rep. Rick Becker (R) vs. U.S.Rep. Kelly Armstrong (R) vs. State Sen.Merrill Piepkorn (D) NH: Gov. Chris Sununu (R, retiring) vs. U.S.Sen. Kelly Ayotte (R) vs. Mayor Joyce Craig (D) vs. Acting Gov.Chuck Morse (R) vs. Exec.Councilor Cinde Warmington (D) UT: Gov. Spencer Cox (R) vs. State Rep. Phil Lyman (R) vs. Minority Leader Brian King (D) VT: Gov. Phil Scott (R) vs. Lt.Gov.David Zuckerman (D, withdrew) vs. Selectman Peter Duval (D) vs. Commissioner Esther Charlestin (D) WA: Gov. Jay Inslee (D, retiring); vs. Attorney General Bob Ferguson (D) vs. U.S.Rep.Dave Reichert (R) vs. State Sen. Mark Mullet (D) vs. County Chair Semi Bird (R) vs. Hilary Franz (D, withdrew to run for U.S.Rep.) WV: Gov. Jim Justice (R, term-limited) vs. WV Attorney General Patrick Morrisey (R) vs. Huntington Mayor Steve Williams (D) vs. WV State Auditor JB McCuskey (R, withdrew) vs. WV Secretary of State Mac Warner (R, lost May 14 primary) vs. State Del. Moore Capito (R, lost May 14 primary)	Abortion Budget/Economy Civil Rights Corporations Crime Drugs Education Energy/Oil Environment Families/Children Foreign Policy Free Trade Govt. Reform Gun Control Health Care Homeland Security Immigration Infrastructure/Technology Jobs Local Issues Principles/Values Social Security Tax Reform War/Iraq/Mideast Welfare/Poverty [Title9]