2012 V.P. Debate: on Corporations


Joe Biden: Same rules for Wall Street as for Main Street

BIDEN: Governor Romney said 47% of the American people are unwilling to take responsibility for their own lives. These people are my mom and dad, the people I grew up with, my neighbors. They are elderly people who in fact are living off of Social Security. They are veterans and people fighting in Afghanistan right now who are "not paying any taxes." I've had it up to here with this notion that 47%--it's about time they take some responsibility here. And instead of signing pledges to Grover Norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. We're going to give you a fair shot again. We are going to not repeat the mistakes we made in the past by having a different set of rules for Wall Street and Main Street, making sure that we continue to hemorrhage these tax cuts for the superwealthy.
Source: 2012 Vice Presidential debate Oct 11, 2012

Paul Ryan: Raising corporate tax will cost us 710,000 jobs

RYAN: Eight out of ten businesses, they file their taxes as individuals, not as corporations. The average tax rate on businesses in the industrialized world is 25%, and the president wants the top effective tax rate on successful small businesses to go above 40%. 2/3 of our jobs come from small businesses. This one tax would actually tax about 53% of small business income. It's expected that'd cost us 710,000 jobs. And you know what? It doesn't even pay for 10% of their proposed deficit spending increases. What we are saying is lower tax rates across the board and close loopholes, primarily to the higher-income people. We have three bottom lines: Don't raise the deficit, don't raise taxes on the middle class and don't lower the share of income that is borne by the high-income earners.

BIDEN: 97% of small businesses make less than $250,000. What they count as small business are hedge funds that make $800 million a year, because they're passthrough.

Source: 2012 Vice Presidential debate Oct 11, 2012

  • The above quotations are from 2012 Vice Presidential Debate
    Rep. Paul Ryan (R) vs. V.P. Joe Biden (D)
    Oct. 11, 2012.
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  • Click here for more quotes by Paul Ryan on Corporations.
  • Click here for more quotes by Joe Biden on Corporations.
2020 Presidential contenders on Corporations:
  Republicans:
Gov.John Kasich(OH)
V.P.Mike Pence(IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(NY)
Gov.Bill Weld(MA) 		Democrats:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Adm.Joe Sestak (D-PA)
CEO Tom Steyer (D-CA)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
V.P.Mike Pence (R-IN)
Howard Schultz(I-WA)
V.C.Arvin Vohra (L-MD)
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Page last updated: Jul 18, 2019