Ted Kennedy on Corporations
Democratic Sr Senator (MA)
1998: decisive role opposing pro-bank bankruptcy bill
In 1998 I had met with First Lady Hillary Clinton to discuss the proposed bankruptcy legislation, and after our meeting she had declared that she would fight on behalf of working families, against "that awful bill." Now the president was under enormous
pressure from the banks to sign the bill, but in the last days of his presidency, urged on by his wife, President Clinton stood strong with struggling families. With no public fanfare, he vetoed the industry's bill.
In "Living History,"
Hillary writes, "proposed bankruptcy reform moving through Congress threatened to undermine the spousal and child support many women depend on." The New York Times also reported: "[Mrs. Clinton] wrote dozens of personal notes to lawmakers last year as
the [bankruptcy] bills made their torturous way through the Congressional process. And she, along with Senator Edward Kennedy (D-MA), played what the bill's opponents say was a decisive role in helping to kill the legislation last year."
Source: A Fighting Chance, by Elizabeth Warren, p. 65&288
, Apr 22, 2014
Voted YES 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 NO 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
- Declare a debtor eligible only for Chapter 13, as anyone financially capable of paying back their creditors at a rate that still allows them to earn above their state's median income
- Place domestic support obligations such as child support and alimony amongst the first priority claim category of non-dischargeable debts on a debtor filing for bankruptcy
- Require debtors to pay for and attend credit counseling prior to filing for bankruptcy
- Cap home equity protection at $125,000 if the debtor purchased a house within 40 months of filing for bankruptcy.
Voted NO on restricting rules on personal bankruptcy.
Vote to pass a bill that would require debtors able to repay $10,000 or 25 percent of their debts over five years to file under Chapter 13 bankruptcy (reorganization and repayment) rather than Chapter 7 (full discharge of debt).
Bill HR 333
; vote number 2001-236
on Jul 17, 2001
Rated 26% by the US COC, indicating an anti-business voting record.
Kennedy scores 26% 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.
"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
Other candidates on Corporations:
Ted Kennedy on other issues:
George W. Bush (R,2001-2009)
Bill Clinton (D,1993-2001)
George Bush Sr. (R,1989-1993)
Ronald Reagan (R,1981-1989)
Jimmy Carter (D,1977-1981)
Gerald Ford (R,1974-1977)
Richard Nixon (R,1969-1974)
Lyndon Johnson (D,1963-1969)
John F. Kennedy (D,1961-1963)
Dwight Eisenhower (R,1953-1961)
Harry_S_TrumanHarry S Truman(D,1945-1953)
Page last updated: Oct 28, 2021