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Lisa Murkowski on Corporations

Independent Sr Senator (AK)

 


Exxon would not benefit from a $6.5 billion tax break at all

KNOWLES: The candidates erupted into a brief but tense exchange when Knowles again pounded on Murkowski for supporting recent legislation passed by Congress that he says amounts to a $6.5 billion tax break for Exxon Mobil. Knowles has repeatedly said Murkowski should have demanded the condition that Exxon pay $4.5 billion in punitive damages to thousands of fishermen affected by the 1989 Exxon Valdez oil spill in Alaska’s Prince William Sound.

MURKOWSKI: Murkowski reminded Knowles that Exxon has said the company would not benefit at all, but Knowles refused to back down. “Exxon can say whatever it wants,” he said. “All you have to do is do the math. and you have $6.5 billion. That is a giveaway with no strings attached.” Murkowski said that number was pure fabrication. Earlier Thursday, she wrote a letter to Knowles, demanding that he start “telling the truth” in the final days before the election.

Source: [Xref Knowles] AK Senate Debate in Daily News-Miner , Oct 29, 2004

Want to have the Exxon Valdez issue behind us

KNOWLES: Exxon, Knowles said, is getting a $6.5 billion tax break from the recent corporate tax bill, the same bill that carried two of the gas line incentives. The new law reduces the tax rate on income held in offshore accounts if companies bring the money back to the US. “They got the award by just following Woody Allen’s law of 95 percent of life is just being there,” Knowles said. To not attach some provision requiring payment of the punitive damages to Alaska’s 20,000 fishermen harmed by the spill “is unconscionable,” he said.

MURKOWSKI: “You know, we all want to have the Exxon Valdez issue behind us,” Murkowski responded. “We have waited far too long.” But the legislative branch of government should not cut off judicial proceedings, she said. “What happens next, who else do we cut off?” she asked.

Source: [Xref Knowles] AK Senate Debate, in Daily News-Miner , Oct 20, 2004

Voted NO on repealing tax subsidy for companies which move US jobs offshore.

Amendment to repeal the tax subsidy for certain domestic companies which move manufacturing operations and American jobs offshore.
Reference: Tax Subsidy for Domestic Companies Amendment; Bill S AMDT 210 to S Con Res 18 ; vote number 2005-63 on Mar 17, 2005

Voted YES on reforming bankruptcy to include means-testing & restrictions.

Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation (complete relief in bankruptcy) to one under either Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Voting YES would:
Reference: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005; Bill S 256 ; vote number 2005-44 on Mar 10, 2005

Rated 86% by the US COC, indicating a pro-business voting record.

Murkowski scores 86% by US Chamber of Commerce on business policy

Whether you own a business, represent one, lead a corporate office, or manage an association, the Chamber of Commerce of the United States of AmericaSM provides you with a voice of experience and influence in Washington, D.C., and around the globe.

Our members include businesses of all sizes and sectors—from large Fortune 500 companies to home-based, one-person operations. In fact, 96% of our membership encompasses businesses with fewer than 100 employees.

Mission Statement:

"To advance human progress through an economic, political and social system based on individual freedom, incentive, initiative, opportunity, and responsibility."
The ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
Source: COC website 03n-COC on Dec 31, 2003

Rated 29% by UFCW, indicating a mixed management/labor voting record.

Murkowski scores 29% 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 Senate scorecard is based on these key votes:
  1. American Jobs Act (+)
  2. Balanced Budget Amendment (-)
  3. Rejecting Cut, Cap, and Balance (+)
  4. Repeal Health Care Law (-)
  5. Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
  6. Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
  7. Trade Adjustment Assistance Extension Act (TAA) (+)
Source: UFCW website 12-UFCW-S on May 2, 2012

Regulatory relief for smaller banks stimulates growth.

Murkowski 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.

Murkowski 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: Lisa Murkowski on other issues:
    AK Gubernatorial:
    Bill Walker
    Charlie Huggins
    Mark Begich
    Mead Treadwell
    Mike Chenault
    Mike Dunleavy
    Sean Parnell
    AK Senatorial:
    Al Gross
    Cean Stevens
    Dan Sullivan
    Edgar Blatchford
    Joe Miller
    Ray Metcalfe
    Thomas Lamb

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    Page last updated: Jun 11, 2021