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Ben Sasse on Corporations

 

 


Give all employers an opportunity to grow within America

With one of the highest corporate tax rates in the world, and tax codes stacked against small businesses, we need to give all employers an opportunity to grow within America. This will help to create jobs and allow everyone in our country to experience the American dream.
Source: Vote-USA.org on 2020 Nebraska Senate race , Oct 24, 2014

FactCheck: stretched truth on job as management consultant

Ben Sasse and Tom Cotton have a lot in common: Republican candidacies for the Senate, Ivy League advanced degrees--a Yale PhD for Sasse, a Harvard law degree for Cotton--and a tour of duty in the white-shoe world of management consulting. One more thing: They are running as common-man conservatives from the heartland under the banner of the Tea Party.

The resumes of Sasse (R, NE) and Cotton (D, AR) do not exactly fit the profile of populists. That is especially true for the lines dedicated to the Boston Consulting Group and McKinsey & Company, firms that advise corporations on strategy, efficiency and ways to increase profitability.

In Sasse's case, he has used ties to McKinsey to burnish his private sector credentials, but in the process, he has stretched the point. He says on his campaign website that he "joined McKinsey & Company, advising leaders in times of crisis." He was actually a "special adviser" to the firm, on an hourly contract--never an employee.

Source: N.Y. Times FactCheck on 2014 Nebraska Senate race , May 17, 2014

Regulatory relief for smaller banks stimulates growth.

Sasse voted YEA 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

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

Sasse voted YEA 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

    Other candidates on Corporations: Ben Sasse on other issues:
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    Page last updated: Oct 20, 2020