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Mark Green on Corporations
Former Republican Representative (WI-8, 1999-2007)
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Reapportion corporate excise tax to favor businesses in TN
Many people are not aware that our state corporate income tax laws hurt Tennessee-based businesses seeking to invest in high-paying jobs and property here in Tennessee. Businesses operating in more than one state apportion their income among the states
in order to compute the corporate income tax (called the Excise Tax in Tennessee) that they owe to each state.Tennessee's current formula uses a combination of sales, property and payroll. It's a strong example of a tax scheme that functioned in the
1980s but today creates a disincentive for businesses to create jobs and invest in our state.
Many of the states with the fastest job growth have changed to a sales-only apportionment formula.
My bill brings Tennessee in line with these forward-thinking and growing states with which we regularly compete for capital investment and job growth.
Source: Knoxville News-Sentinel OpEd in 2018 Tennessee governor race
, Feb 21, 2015
Voted YES on replacing illegal export tax breaks with $140B in new breaks.
Vote to pass a bill that would repeal an export tax break for U.S. manufacturers ruled an illegal trade subsidy by the World Trade Organization, while providing for about $140 billion in new corporate tax cuts. Revenue raising offsets would decrease the cost of the bill to $34.4 billion over 11 years. It would consist of a buyout for tobacco farmers that could not go over $9.6 billion. It also would allow the IRS to hire private collection agencies to get back money from taxpayers, and require individuals who claim a tax deduction for a charitable donation of a vehicle to obtain an independent appraisal of the car.
Reference: American Jobs Creation Act;
Bill HR 4520
; vote number 2004-259
on Jun 17, 2004
Voted YES on Bankruptcy Overhaul requiring partial debt repayment.
Vote to pass a bill that would make it easier for courts to change debtors from Chapter 7 bankruptcy, which allows most debts to be dismissed, to Chapter 13, which requires a repayment plan.
Reference: Bill sponsored by Gekas, R-PA;
Bill HR 333
; vote number 2001-25
on Mar 1, 2001
Rated 87% by the US COC, indicating a pro-business voting record.
Green scores 87% 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
Page last updated: Jun 26, 2018