Saturday, October 25th, 2014

Promises about Corporations on The Obameter

Direct revenues from offshore oil and gas drilling to increased coastal hurricane protection

"Will also direct revenues from offshore oil and gas drilling to increased coastal hurricane protection."

Encourage diversity in media ownership

"Will encourage diversity in the ownership of broadcast media, promote the development of new media outlets for expression of diverse viewpoints, and clarify the public interest obligations of broadcasters who occupy the nation's spectrum."

Limit subsidies for agribusiness

"Obama will implement a $250,000 [farm commodity] payment limitation so that we help family farmers, not large corporate agribusiness. Obama will close the loopholes that allow megafarms to get around the limits by subdividing their operations into multiple paper corporations."

Enact windfall profits tax for oil companies

"Will require oil companies to take a reasonable share of their record-breaking windfall profits and use it to provide direct relief worth $500 for an individual and $1,000 for a married couple. The relief would be delivered as quickly as possible to help families cope with the rising price of gasoline, food and other necessities. The rebates would be fully paid for with five years of a windfall profits tax on record oil company profits."

Support network neutrality on the Internet

"Support the principle of network neutrality to preserve the benefits of open competition on the Internet."

Overhaul the corporate tax code and reduce the rate for manufacturing companies

"Reforming the corporate tax code to bring down tax rates on domestic manufacturers by nearly a quarter -- while closing tax preferences and loopholes to pay for it."

End tax deductions for companies that offshore

"Ending tax deductions for companies shipping jobs overseas, and using the saving to create a new tax credit for companies that bring jobs home."

Create a new tax credit for companies that bring jobs to the United States from overseas

"Ending tax deductions for companies shipping jobs overseas, and using the saving to create a new tax credit for companies that bring jobs home."