State of Colorado Archives: on Free Trade


Walker Stapleton: Tariffs on China escalate trade war & hurt businesses

Q: Support Trump's imposition of tariffs on Chinese steel and other products?

Jared Polis (D): Unknown.

Walker Stapleton (R): No. Is concerned about escalating trade war hurting Colorado industries.

Source: 2018 CampusElect.org Issue Guide on Colorado Governor race Oct 9, 2018

Bob Schaffer: Reducing repatriation tax pumps capital into economy

Udall called Schaffer’s idea for chopping the tax charged on money repatriated to US banks a “giveaway to companies that send jobs overseas.”

“When you give these companies a [tax] holiday, that rewards these companies for creating these jobs overseas & not here,” Udall said.

Schaffer, however, said a temporary reduction in the repatriation tax would, in fact, strengthen the US economy. “What would be a more powerful boost to the economy is exploring multiple strategies to pump private capital, real dollars, into the economy,“ Schaffer said. He said Congress did this as recently as 2004, dropping the repatriation tax from 35% to 5.25%, bringing $362 billion into US banks.

Schaffer said Udall’s criticism of the plan to lower the repatriation tax is curious: ”He voted for it at its last step before it went to the president,“ Schaffer said. According to congressional records, Udall voted for the 2004 American Jobs Creation Act on Oct. 4, 2004, after he voted against it in June.

Source: 2008 Colorado Senate debate reported in The Daily Sentinel Sep 25, 2008

Mark Udall: Reducing repatriation tax rewards sending jobs overseas

Udall called Schaffer’s idea for chopping the tax charged on money repatriated to US banks a “giveaway to companies that send jobs overseas.”

“When you give these companies a [tax] holiday, that rewards these companies for creating these jobs overseas & not here,” Udall said. Instead, he said Colorado leaders should be focused on restoring the financial markets’ vitality and instituting oversight to prevent future crashes. “It’s exactly that kind of thinking that got us into this crisis to start with, Udall said of Schaffer’s plan.

Schaffer, however, said a temporary reduction in the repatriation tax would, in fact, strengthen the US economy. “What would be a more powerful boost to the economy is exploring multiple strategies to pump private capital real dollars, into the economy,” Schaffer said.

Schaffer noted that Udall “voted for it at its last step before it went to the president.” Udall voted for the 2004 American Jobs Creation Act on Oct. 4, 2004, after he voted against it in June.

Source: 2008 Colorado Senate debate reported in The Daily Sentinel Sep 25, 2008

  • The above quotations are from State of Colorado Politicians: Archives.
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2020 Presidential contenders on Free Trade:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (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)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN)
Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Jan 28, 2021