Zephyr Teachout on Corporations

	Zephyr Teachout on Corporations

Apply anti-trust rules to corporate political power

Teachout published earlier this year a paper entitled, "Corporate Rules and Political Rules: Antitrust as Campaign Finance Reform". This paper argues that antitrust legislation can be seen as a form of indirect campaign finance reform by limiting the power of corporations to influence elections. For Teachout, caps on the size of corporations must be understood in their original politico-economic sense. In her account, the cost-benefit model of monopolies ushered in by the Chicago school of legal economics obscured the political dimension of antitrust legislation. She argues for a recovery of an older legal framework of antitrust that expands jurisdiction to cover cases where the economies of scale in political power created by large corporations is justification for trustbusting. Source: Epoch Times on 2014 New York State Governor's race , Jul 8, 2014

Level playing field between family stores and big business

The centerpiece of my economic policy would be to level the playing field between independent business and big business. Franchises are being squeezed by the corporate McDonald's or Yum Brands at the top, while family stores--an anchor of immigrant communities--face huge pressures in an economy geared towards benefiting the big and the rich. I would push to enforce our antitrust laws, so that we have markets with real competition and real opportunity for entrepreneurs and small business-- the engines of our economy--to create jobs and thrive.

I would roll-back the tax cuts Governor Cuomo handed the wealthy few. We should extend the millionaire's tax beyond 2017, to ensure we can fund our schools and public programs for the long-term. We should bring back a form of the bank tax, and review the corporate tax system, to ensure companies pay their fair share.

Source: 2014 N. Y. Governor campaign website, ZephyrTeachout.com , Jul 2, 2014

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