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Angus King on Tax Reform

Independent Former ME Governor


73,000 pages of tax code is too much

Federal tax law is too complex--it takes over 73,000 pages for the Standard Federal Tax Reporter to explain the federal tax code. The tax structure must be simplified and reformed to lower rates, close loopholes, and ensure that everyone is paying their fair share--this includes the wealthiest Americans. . I was in favor of ending the Bush-era tax cuts immediately, but after continued poor employment numbers, we need a more nuanced approach. We should consider pegging the sunset of these tax cuts to something non-arbitrary, like a certain amount of GDP growth, or a lower level of unemployment. This would avoid the unproductive brinkmanship that Congress engages in over this issue--and could prevent our fragile recovery from being further slowed down.
Source: 2012 Senate campaign website, angus2012.com, "Issues" , Sep 1, 2012

Decrease income taxes, but no flat tax

Source: Maine Governor 1998 National Political Awareness Test , Nov 1, 1998

No national sales tax or VAT.

King adopted the National Governors Association policy:

Source: NGA Executive Committee Policy Statement EC-9 00-NGA1 on Feb 15, 2000

Let states independently determine estate taxes.

King adopted a letter to Congressional leaders from 37 Governors:

We are writing to request equal treatment between states and the federal government on estate tax changes. Regardless of oneís view about phasing out the federal estate tax, the Governors are absolutely united in opposing any action that would discriminate against states in the phase-out of the state and federal estate taxes. This issue needs to be addressed before the Senate goes to conference with the House.

Governors believe that the ability of states to independently determine their own tax revenue policy is a basic tenet of federalism. Moreover, no federal tax bill should be enacted without close consultation with the states.

At the very least, there must be equity in the treatment of the state death tax credit in the tax bill the Congress considers with the proposed phase-out of the federal estate tax. Governors oppose provisions that impose disproportionate impacts on state revenue systems. The changes proposed by the Senate would have abrupt, significant adverse impacts on state revenues at a particularly onerous time for many states. The potential impact on states would begin next year and have a potential impact of between $50 and $100 billion over the next ten years.

We urge the leaders to respect those rights and to restore fairness.

Source: National Governor's Association letter to Congress 01-NGA19 on May 23, 2001

Other candidates on Tax Reform: Angus King on other issues:
ME Gubernatorial:
Eliot Cutler
Michael Michaud
Paul LePage
ME Senatorial:
Scott D`Amboise
Susan Collins

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GA:Chambliss(R)
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SD:Johnson(D)
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ND:Conrad(D)
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IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
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SD:Johnson(D)
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Senate races Nov. 2014:
AK: Begich(D) vs.Miller(R) vs.Treadwell(R) vs.Sullivan(R)
AL: Sessions(R,unopposed)
AR: Pryor(D) vs.Cotton(R)
CO: Udall(D) vs.Gardner(R) vs.Baumgardner(R) vs.Buck(R) vs.Hill(R) vs.Stephens(R)
DE: Coons(D) vs.O`Donnell(R)
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HI: Schatz(D) vs.Hanabusa(D) vs.Cavasso(R)
IA: Braley(D) vs.Ernst(R) vs.Whitaker(R) vs.Clovis(R)
ID: Risch(R) vs.Mitchell(D)
IL: Durbin(D) vs.Oberweis(R) vs.Hansen(L) vs.Truax(R)
KS: Roberts(R) vs.Tiahrt(R) vs.Wolf(R) vs.Taylor(D) vs.Orman(I)
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MN: Franken(D) vs.McFadden(R) vs.Abeler(R) vs.Ortman(R)
MS: Cochran(R) vs.Childers(D) vs.McDaniel(R)
MT: Walsh(D) vs.Daines(R) vs.Edmunds(R) vs.Bohlinger(D)
NC: Hagan(D) vs.Tillis(R)
NE: Sasse(R) vs.Domina(D) vs.Haugh(L) vs.Osborn(R)
NH: Shaheen(D) vs.Brown(R) vs.Smith(R) vs.Rubens(R) vs.Testerman(R) vs.Martin(R)
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RI: Reed(D) vs.Zaccaria(R)
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Page last updated: Aug 04, 2014