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Jack Conway on Corporations

 

 


Shut down offshore tax shelters; stop shipping jobs overseas

Jack has a plan to save $430 Billion over the next ten years, without raising taxes.

$130 Billion, by closing corporate tax loopholes on overseas interest and income and shutting down offshore tax shelters. The tax code has a loophole that lets companies deduct their foreign interest and income from their US taxes. This provision essentially encourages companies to invest in foreign companies and ship jobs overseas. Experts estimate shutting this loophole would save $100 billion over ten years. And it would be more effective if combined with an effort to shut down offshore tax shelters, which the Congressional Budget Office estimates could save an additional $30 billion.

Jack would close the corporate tax loopholes and shut down offshore tax shelters to so that big corporations pay their fair share and create jobs in Kentucky, not the Cayman Islands.

Source: 2010 Senate campaign website jackconway.org, "On The Issues" , Aug 31, 2010

Other governors on Corporations: Jack Conway on other issues:
KY Gubernatorial:
Adam Edelen
Alison Grimes
Andy Beshear
Ben Chandler
Elaine Chao
Jim Gray
Matt Bevin
Robert Goforth
Rocky Adkins
KY Senatorial:
Amy McGrath
C. Wesley Morgan
Jim Gray
Mary Ann Tobin
Mitch McConnell
Rand Paul
Steven Cox

Gubernatorial Debates 2019:
KY:
Bevin(R) vs.Goforth(R,lost primary) vs.Adkins(D,lost primary) vs.Beshear(D) vs.Edelen(D,lost primary)
LA:
Edwards(D) vs.Rispone(R) vs.Abraham(R) vs.Kennedy(R,declined)
MS:
Bryant(R,retiring) vs.Foster(R) vs.Hood(D) vs.Reeves(R) vs.Waller(R)

Gubernatorial Debates 2021:
NJ:
Murphy(D) vs.Ciattarelli(R)
VA:
Northam(D,term-limited) vs.Herring(D) vs.Chase(R) vs.Fairfax(D)

Gubernatorial Debates 2020:
DE: vs.Carney(incumbent) vs.Williams(D)
IN: vs.Holcomb(incumbent) vs.Melton(D) vs.Myers(D)
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MT: Bullock(retiring) vs.Fox(R) vs.Perry(R) vs.Gianforte(R) vs.Stapleton(R) vs.Olszewski(R) vs.Neill(D) vs.Schreiner(D) vs.Cooney(D) vs.Williams(D)
NC: Cooper(incumbent) vs.Forest(R) vs.Grange(R)
ND: Burgum(incumbent) vs.Coachman(R) vs.Lenz(D)
NH: Sununu(incumbent) vs.Volinsky(D) vs. fsFeltes(D)
PR: Rossello(D) vs.Garced(D) vs.Pierluisi(D)
UT: Herbert(retiring) vs.Huntsman(R) vs.Cox(R) vs.Burningham(R) vs.Newton(D) vs.Hughes(R)
VT: Scott(incumbent) vs.Holcombe(D) vs.Zuckerman(D)
WA: Inslee(incumbent) vs.Bryant(R) vs.Fortunato(R)
WV: Justice(incumbent) vs.Folk(R) vs.Thrasher(R) vs.Vanover(D) vs.Smith(D) vs.Ron Stollings(D)
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Page last updated: Apr 16, 2020