2016 AL Senate race: on Corporations

Ron Crumpton: Trickle-down economics good for business but not for people

Our elected leaders should focus their efforts on what is best for the economy as a whole and not what is best for business because, very often, they are at odds with one another. Over the last 35 years, the U.S. has operated on the concept of trickle-down economics. The theory that if you give tax-breaks to corporations, those funds will trickle down through the economy in the form of more and better paying jobs. The problem is that corporations are in the business of doing what is best for the corporation, which is what businesses should do, but it is also the reason why we should not trust that they will do what is best for someone else... It's not their job.

Corporate profits are the highest they have been in 86 years, and worker pay is the lowest it has been in 66 years. We should help small business; we should not give handouts to big business. Under my plan the majority of tax breaks would go to help small business and large corporations pay their share.

Source: Vote411.org League of Women Voters: 2016 Alabama Senate Race Sep 19, 2016

Marcus Bowman: Hire and fire based on business needs

Q: Do you support or oppose the policy, "Legally require hiring more women/minorities"

A: Strongly oppose. Businesses should be free to hire and fire based on their business needs.

Source: Email interview on 2016 Alabama Senate race with OnTheIssues Jan 21, 2016

Richard Shelby: Don't smother small banks with unnecessary regulations

If you ask a White House spokesperson, Shelby's proposal to overhaul the nation's banking regulations is just another example of Wall Street interests getting their way. Not so fast, according to Shelby, chairman of the Senate Banking Committee: "Community and regional banks that had nothing to do with the financial crisis should not be smothered by unnecessary regulations originally designed for Wall Street," Shelby said. "These burdensome regulations from Washington are making it harder for community and regional banks to do the things that grow our economy, such as small business lending."

Shelby's Financial Regulatory Improvement Act would revise provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a 2,000-page bill that was passed in 2010 and implemented sweeping regulations to America's banks & financial institutions.

Shelby said while the bill was touted as "Wall Street reform" many of the regulations have negatively impacted community and regional banks.

Source: Huntsville Times coverage of 2016 Alabama Senate race May 22, 2015

Ron Crumpton: Transfer $11 billion from corporate tax loopholes to schools

Richard Shelby does not serve the people.

He voted against legislation that would eliminate tax credits for sending American jobs overseas and establish a tax credit for bringing American jobs back to America.
He voted against legislation that would allow those with student loan debt to refinance that debt at a lower rate of interest.
He voted against legislation that would raise the minimum wage to $10.10 an hour.
He voted against legislation that would have shifted $11 billion from corporate tax loopholes to education.

Every time the interest of the people is pitted against the interest of big business, big business gets the support of Richard Shelby. It is time for the people of Alabama to elect a progressive senator who will work for what is in their best interest and not the best interest of the political fat cats and big business executives that fund their campaigns. Source: AL.com editorial by Ron Crumpton on 2016 Alabama Senate race Apr 16, 2015

The above quotations are from 2016 Alabama Senate race: debates and news coverage. Click here for definitions & background information on Corporations. Click here for other issues (main summary page).
*Candidates and political leaders on Corporations:*
*Retired Senate as of Jan. 2015:* GA:Chambliss(R) IA:Harkin(D) MI:Levin(D) MT:Baucus(D) NE:Johanns(R) OK:Coburn(R) SD:Johnson(D) WV:Rockefeller(D) *Resigned from 113th House:* AL-1:Jo Bonner(R) FL-19:Trey Radel(R) LA-5:Rod Alexander(R) MA-5:Ed Markey(D) MO-9:Jo Ann Emerson(R) NC-12:Melvin Watt(D) SC-1:Tim Scott(R)	*Retired House to run for Senate or Governor:* AR-4:Tom Cotton(R) GA-1:Jack Kingston(R) GA-10:Paul Broun(R) GA-11:Phil Gingrey(R) HI-1:Colleen Hanabusa(D) IA-1:Bruce Braley(D) LA-6:Bill Cassidy(R) ME-2:Mike Michaud(D) MI-14:Gary Peters(D) MT-0:Steve Daines(R) OK-5:James Lankford(R) PA-13:Allyson Schwartz(D) TX-36:Steve Stockman(R) WV-2:Shelley Capito(R)	*Retired House as of Jan. 2015:* AL-6:Spencer Bachus(R) AR-2:Tim Griffin(R) CA-11:George Miller(D) CA-25:Howard McKeon(R) CA-33:Henry Waxman(D) CA-45:John Campbell(R) IA-3:Tom Latham(R) MN-6:Michele Bachmann(R) NC-6:Howard Coble(R) NC-7:Mike McIntyre(D) NJ-3:Jon Runyan(R) NY-4:Carolyn McCarthy(D) NY-21:Bill Owens(D) PA-6:Jim Gerlach(R) UT-4:Jim Matheson(D) VA-8:Jim Moran(D) VA-10:Frank Wolf(R)
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Page last updated: Dec 07, 2018