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Joe DioGuardi on Tax Reform

 


Extend Bush-era tax cuts, even for earners over $250K

DioGuardi called for the extension of Bush-era tax cuts, which are set to expire early next year. Gillibrand said she'd support an extension for those who earn under $250,000 a year, but not for top earners.
Source: WNYC News coverage of 2010 N.Y. Senate debate Oct 15, 2010

Fined by IRS in 1978 for deducting commodity spreads

GILLIBRAND TV AD CLAIM: DioGuardi was caught cheating on his taxes.

DIOGUARDI REFUTATION: The year prior to the IRS filing against DioGuardi, the treatment of commodity spreads--which was a practice that was commonly used and recommended by leading accountant firms in the 1970s--was amended. When his family filed their taxes that year, the updated law was not realized.

At that time, taxpayers were subject to a punitive top tax rate of 70%--and Joe sought to protect his family from over-taxation. The tax system was broken, and like many Americans, Joe took steps to reduce his tax burden.

The challenge to the DioGuardi tax return was the result of a new ruling issued by the IRS that changed the treatment of commodity spreads--it had not been a longstanding tax law. The IRS challenged the DioGuardi family tax return in 1978. In the previous year, the IRS issued a ruling that it would no longer accept a tax deduction for losses sustained on those trades. (The Washington Post , 12/21/80)

Source: Albany Times Union coverage of 2010 N.Y. Senate debate Oct 6, 2010

Implement tax rate reductions without delay

DioGuardi co-sponsored H.CON.RES.7 : A concurrent resolution expressing the sense of the Congress that the rate reductions contained in the Tax Reform Act of 1986 should not be delayed. The bill garnered 48 co-sponsors but died in the Committee on Ways and Means.
Source: Bill sponsorships, Library of Congress Jan 6, 1987

Opposes both marriage penalty & federal tax increases.

DioGuardi opposes the CC survey questions on increasing taxes

The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.

Source: Christian Coalition Survey 10-CC-q11 on Aug 11, 2010

Other candidates on Tax Reform: Joe DioGuardi on other issues:
NY Gubernatorial:
Andrew Cuomo
NY Senatorial:
Charles Schumer
Kirsten Gillibrand

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Page last updated: Dec 04, 2010