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Julian Castro on Corporations

Democratic Presidential Challenger (withdrawn); former HUD Secretary

 


Tax capital gains annually, not when assets sold

Castro would target the annual untaxed gains the wealthy realize on the value of their assets. Deep pockets currently pay tax on their investing profits only when they sell assets. Under the mark-to-market approach that Castro favors, owners of assets that gain in annual value would pay tax on those gains. Workers have their labor income taxed at the end of every year, and "multi-millionaires and billionaires who rely primarily on investment income" should have the same obligation, he said.
Source: The Nation magazine on 2019 Democratic primary , Nov 19, 2019

Fight back against monopolistic practices

We're on the right track in updating how we look at monopolistic practices, setting rules for the road that match the challenges that we face. Whether that's Amazon that is leveraging its size to help put small businesses out of business, then at the same time shortchanging a lot of its workers, not paying them [or] giving them the benefits that they should. Or it's a number of other companies. We need to take a stronger stance when it comes to cracking down on monopolistic trade pract
Source: October Democratic CNN/NYTimes Primary debate , Oct 15, 2019

Supported tax breaks to lure corporations

Castro's approach to job growth often involved corporate giveaways. A month after insurance company AllState announced it was opening up a bilingual customer information center in San Antonio, receiving $1.1 million from the state government, Castro backed and voted for an incentives package that gave the company a six-year, 65 percent tax abatement, a $30,000 grant for permitting and development fees, and nominated it to be able to receive a $1.25 million refund in sales and uses taxes.
Source: Jacobin Magazine on 2020 Democratic primary contenders , Feb 15, 2019

Top earners & corporations must pay fair share

I think it's going to take asking wealthier individuals to pay their fair share. We've had basically the last forty years essentially of lower and lower commitment on people at the very top. Same thing goes for corporations. We have multinational corporations that are hardly paying anything in federal taxes. We need to ask them to pay their fair share. I think that we can consider different ways, different proposals, to be able to raise more revenue from, you know, the wealthiest corporations.
Source: CBS Face the Nation 2019 interviews: 2020 Democratic primary , Jan 13, 2019

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Other big-city mayors on Corporations: Julian Castro on other issues:

Tom Barrett (D,Milwaukee)
Bill de Blasio (D,NYC)
Rahm Emanuel (D,Chicago)
Bob Filner (D,San Diego)
Steven Fulop (D,Jersey City)
Eric Garcetti (D,Los Angeles)
Mike Rawlings (D,Dallas)
Marty Walsh (D,Boston)

Former Mayors:
Rocky Anderson (I,Salt Lake City)
Tom Barrett (D,Milwaukee,WI)
Mike Bloomberg (I,New York City)
Cory Booker (D,Newark,NJ)
Jerry Brown (D,Oakland,CA)
Julian Castro (D,San Antonio,TX)
Rudy Giuliani (R,New York City)
Phil Gordon (D,Phoenix)
Tom Menino (D,Boston)
Dennis Kucinch (D,Cleveland,OH)
Michael Nutter (D,Philadelphia)
Sarah Palin (R,Wasilla,AK)
Annise Parker (D,Houston)
Jerry Sanders (R,San Diego)
Antonio Villaraigosa (D,Los Angeles)
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Page last updated: Oct 17, 2020