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Beto O`Rourke on Corporations

Democratic candidate for President; Texas Senator nominee

 


Don't break up Big Tech; do help smaller firms

O'Rourke doesn't support breaking up Big Tech firms like Amazon, saying such action would do little to "ensure dynamism in our economy and address corporate concentration." Instead, he suggested the Federal Trade Commission should focus on smaller corporations that are likely to go unnoticed.
Source: Axios.com "What you need to know about 2020" , Apr 29, 2019

Raise corporate rates to fund higher education

The cost estimate on ensuring that everyone is able to complete two years of higher education is estimated to be $60 billion over the next 10 years. We just lowered the corporate tax rate from 35% to 21%. If we took it back up not to where it was but to perhaps to 25% or 26%, we'd generate between $500 billion to $600 billion. I'd move that corporate tax rate up to make sure that everyone, especially those corporations which are doing fine, pay their fair share so that all of us can get ahead.
Source: CNN Town Hall: 2020 presidential hopefuls , Oct 18, 2018

Protect consumers from predatory financial behavior

Q: Financial Regulation: Support cutbacks in Consumer Financial Protection Bureau (CFPB)?

Ted Cruz (R): Yes. Abolish CFPB. "Free consumers & small businesses from the CFPB's regulatory blockades. which stunt economic growth."

Beto O'Rourke (D): No. "Protecting consumers from predatory financial behavior & this country from another economic meltdown, should transcend politics."

Source: 2018 CampusElect.org Issue Guide on Texas Senate race , Oct 9, 2018

Voted NO on workforce training by state block grants & industry partners.

Congressional Summary: Opponent's Argument for voting No:
    National League of Cities op-ed, "H.R. 803 fails because it would:"
  1. Undermine the local delivery system that has been the cornerstone of job training programs
  2. Establish a program that is based on political boundaries (states) rather than on economic regions and local labor markets, or the naturally evolving areas in which workers find paying work
  3. Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
  4. Change what was once a program targeted to those most in need--economically disadvantaged adults and youth and special population groups like veterans, migrant farm workers, and low income seniors--into a block grant to governors
  5. Contribute to the emerging division between those American's who have the requisite skills to find employment and those who do not.
Reference: SKILLS Act; Bill H.R. 803 ; vote number 13-HV075 on Mar 15, 2013

Corporate political spending is not free speech.

O`Rourke signed Constitutional Amendment to overturn Citizens United

Constitutional Amendment

  1. Whereas the right to vote in public elections belongs only to natural persons, so shall the ability to make contributions and expenditures to influence the outcome of public elections belong only to natural persons.
  2. Nothing in this Constitution shall be construed to restrict the power of Congress and the States to protect the integrity and fairness of the electoral process, limit the corrupting influence of private wealth in public elections, and guarantee the dependence of elected officials on the people alone by taking actions which may include the establishment of systems of public financing for elections, or the imposition of requirements to ensure the disclosure of [election] contributions and expenditures.
  3. Nothing in this Article shall be construed to alter the freedom of the press.

Opponents recommend voting NO because:[Supreme Court majority opinion in Citizens United v. Federal Election Commission, for which the Constitutional Amendment is proposed as a remedy. The FEC had ruled that the movie "Hillary", released in 2008 to persuade voters against Hillary Clinton, was illegal because it was a disguised campaign contribution made by a corporation. The Supreme Court overruled the FEC]:

Modern day movies might portray public officials in unflattering ways. Yet if a covered transmission [is broadcast] during the blackout period, a felony occurs solely because a corporation, [instead of a candidate or donors, paid] in order to engage in political speech. Speech would be suppressed in the realm where its necessity is most evident: in the public dialogue preceding a real election. Governments are often hostile to speech, but it seems stranger than fiction for our Government to make this political speech a crime. Some members of the public might consider Hillary to be insightful and instructive; some might find it to be [unfair]; those assessments, however, are not for the Government to make.

Source: H.J.RES.34 / S.J.RES.11 14_HJR34 on Mar 12, 2013

Other candidates on Corporations: Beto O`Rourke on other issues:
2020 Presidential Democratic Primary Candidates:
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V.P.Joe Biden (D-DE)
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Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
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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)
Rep.Eric Swalwell (D-CA)
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Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

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Page last updated: Jun 03, 2019