Jim Renacci on Corporations
2010 bailout closed my car dealership; Feds shouldn't pick
This is Renacci's first statewide election, but he has waged several smaller campaigns successfully before. An accountant, businessman and former Wadsworth mayor, he won his first campaign for Congress in 2010 after losing his Chevrolet dealership
in the auto industry bailout that President Barack Obama's administration orchestrated. The bailout required industry consolidation and dealership closings -- and General Motors picked Renacci's dealership to close.
Democrats and industry analysts said the restructuring saved the American auto industry. Critics including Renacci said it put the government in the role of central planner, picking winners and losers.
Unlike in other recent Brown races, Renacci's business background provides a real-world contrast for the coming general election.
Source: Norwalk Reflector on 2018 Ohio Senate race
, May 9, 2018
Reduce the corporate tax rate to 25%, and individuals too
We should be doing everything we can to advance solutions that will grow our stagnant economy. We currently have the highest corporate tax rate in the industrialized world, which has led to more jobs overseas and fewer here at home. We need to reduce
the corporate tax rate to 25 percent, which will lead to the creation of more jobs & increased global competitiveness. We need to reduce rates and consolidate today's individual brackets to ensure that taxpayers face maximum rates of 25 percent or lower.
Source: 2018 Ohio gubernatorial campaign website renacci.house.gov
, May 2, 2017
Voted YES on workforce training by state block grants & industry partners.
Supporting Knowledge and Investing in Lifelong Skills Act or SKILLS Act:
Opponent's Argument for voting No:
- Reauthorizes appropriations workforce investment systems for job training and employment services.
- Requires a plan describe:
- strategies and services to more fully engage employers and meet their needs, as well as those to assist at-risk youth and out-of-school youth in acquiring education, skills, credentials, and employment experience;
- how the state board will convene industry or sector partnerships that lead to collaborative planning;
- how the state will use technology to facilitate access to services in remote areas;
- state actions to foster partnerships with non-profit organizations that provide employment-related services; and
- the methodology for determining one-stop partner program contributions for the cost of the infrastructure of one-stop centers.
- Repeals title VI (Employment Opportunities for Individuals with Disabilities)
National League of Cities op-ed, "H.R. 803 fails because it would:"
Reference: SKILLS Act;
Bill H.R. 803
; vote number 13-HV075
on Mar 15, 2013
- Undermine the local delivery system that has been the cornerstone of job training programs
- 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
- Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
- 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
- Contribute to the emerging division between those American's who have the requisite skills to find employment and those who do not.
Repeal ObamaCare reporting requirements for small business.
Renacci co-sponsored Small Business Paperwork Mandate Elimination Act
A BILL To repeal the expansion of information reporting requirements for payments of $600 or more to corporations. Section 9006 of the Patient Protection and Affordable Care Act, and the amendments made thereby, are hereby repealed; and the Internal Revenue Code of 1986 shall be applied as if such section, and amendments, had never been enacted. [This is the first attempt at dismantling ObamaCare by pieces, as opposed to H.R. 2 which dismantles ObamaCare in whole. The proposed section of the ObamaCare law to be repealed appears below. --OnTheIssues editor].
SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS.
Source: HR144&HR4 11-HR004 on Jan 12, 2011
- The Internal Revenue Code of 1986 is amended by adding at the end the following new subsections:
APPLICATION TO CORPORATIONS. The term 'person' includes any corporation that is not an organization tax-exempt.
- REGULATIONS. The Secretary may prescribe such regulations as may be necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.
- EFFECTIVE DATE. The amendments made by this section shall apply to payments made after December 31, 2011.
Rated 14% by UFCW, indicating a pro-management voting record.
Renacci scores 14% by UFCW on labor-management issues
The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
The UFCW House scorecard is based on these key votes:
Source: UFCW website 12-UFCW-H on May 2, 2012
- (+) Extension of Trade Adjustment Assistance (TAA)
- (+) H. Am. 877 Bishop Am. to HR 3094, penalties for lawsuits against unionization
- (+) H. Am. 880 Jackson-Lee Am. to HR 3094, preventing delays in union votes
- (-) Middle Class Tax Relief and Job Creation Act, freezing public salaries
- (-) Regulation from the Executive in Need of Scrutiny (REINS) Act, for less corporate regulation
- (-) Repealing the Job-Killing Health Care Law Act
- (-) Workforce Democracy and Fairness Act, letting CEOs fire union organizers
Other candidates on Corporations:
Jim Renacci on other issues:
Senate races 2019-20:
Senate Votes (analysis)
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Page last updated: Mar 25, 2020