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Linda McMahon on Tax Reform

 


Economy is fragile; don't raise taxes in a recession

McMahon confronted Blumenthal with his 1989 vote in the state Senate on an $850 million tax increase. "Let me remind you, when he was in the Legislature, one year he voted for an $850 million tax increase that affected middle-class Americans," said McMahon. "We're still paying for it today," said McMahon. "And he almost doubled state spending. We cannot afford another tax-and-spend senator in Washington. We can't afford you Mr. Blumenthal, we've had enough of you already."

McMahon said Blumenthal would allow many of the Bush-era tax breaks to end with this year's calendar, to which Blumenthal replied that the nation's wealthiest don't need them and that he would focus on helping small businesses.

McMahon said that the current economy is fragile. "I certainly want to say to everyone here that I believe that now in time of recession we should not raise taxes on anyone, certainly not on the middle class," she said.

Source: Connecticut Post coverage of 2010 CT Senate debate , Oct 7, 2010

Don't raise taxes on anyone, including middle class

Blumenthal said, "I would not hold the middle-income tax cut hostage to a tax cut for the wealthiest 2 percent."

McMahon, in rebuttal, reiterated her position on tax cuts: "We should not raise taxes on anyone, certainly not on the middle class," she said. She painted Blumenthal as a career politician who, as a state legislator, voted for a record tax increase. "I don't think we can send Mr. Blumenthal to Washington with his tax-and-spend philosophy," McMahon said.

Source: Wilton Villager coverage of 2010 CT Senate debate , Oct 7, 2010

Make Bush tax cuts permanent or CT loses 8.500 jobs

Q: Would you roll back the Bush-era tax cuts?

BLUMENTHAL: I support extending tax cuts for the middle class. My opponent would vote against tax cuts for the middle class unless and until the wealthiest 2% get tax cuts too. I think that is wrong.

McMAHON: I would make the current tax law permanent. Allowing the tax law to change as proposed would negatively affect our most successful small businesses and our seniors. It is estimated that $1.8 billion will leave the state and be in the hands of Washington politicians if the proposed tax increases go into effect. Only four states in the union will be hit harder than Connecticut. The tax hikes would significantly affect the economy in Connecticut, most notably in the number of jobs and change in personal income. From 2011 to 2020, the state of Connecticut would:

Source: Connecticut Jewish Ledger coverage of 2010 CT Senate debate , Sep 29, 2010

Hold top rates to 35% and keep capital gains rate down

Huge personal income tax rates are already baked into the budget. Congress wants to raise them even higher to pay for ObamaCare and Cap-and-Trade and other costly new programs. Let's hold rates at their 2003-2010 levels (35% top rate) and make them permanent. And no surcharges above the statutory rate.

On January 1, 2011, the top rate on capital gains will go from 15% to 20%. This will drive capital offshore and cost jobs. Abolish both the estate tax and the gift tax.

Source: 2010 Senate campaign website, www.linda2010.com, "Issues" , Sep 1, 2010

Opposes increasing tax rates.

McMahon opposes the CC Voters Guide question on tax rates

Christian Coalition publishes a number of special voter educational materials including the Christian Coalition Voter Guides, which provide voters with critical information about where candidates stand on important faith and family issues. The Christian Coalition Voters Guide summarizes candidate stances on the following topic: "Increasing federal income tax rates"

Source: Christian Coalition Voter Guide 12-CC-q11a on Oct 31, 2012

Supports eliminating the inheritance tax.

McMahon supports the CC Voters Guide question on the inheritance tax

Christian Coalition publishes a number of special voter educational materials including the Christian Coalition Voter Guides, which provide voters with critical information about where candidates stand on important faith and family issues. The Christian Coalition Voters Guide summarizes candidate stances on the following topic: "Permanent elimination of the "Death Tax""

Source: Christian Coalition Voter Guide 12-CC-q11b on Oct 31, 2012

Other candidates on Tax Reform: Linda McMahon on other issues:
CT Gubernatorial:
Dan Malloy
CT Senatorial:
Chris Murphy
Christopher Shays
Joseph Lieberman
Richard Blumenthal
Susan Bysiewicz

CT politicians

Retiring as of Jan. 2013:
AZ:Kyl(R)
CT:Lieberman(D)
HI:Akaka(D)
ME:Snowe(R)
ND:Conrad(D)
NE:Nelson(D)
NM:Bingaman(D)
TX:Hutchison(R)
VA:Webb(D)
WI:Kohl(D)


Senate elections Nov. 2012:
AZ:Flake(R) vs.Carmona(D)
CA:Feinstein(D) vs.Emken(R) vs.Lightfoot(L)
CT:McMahon(R) vs.Murphy(D)
DE:Carper(D) vs.Wade(R) vs.Pires(I)
FL:Nelson(D) vs.Mack(R)
HI:Hirono(D) vs.Lingle(R) vs.Case(D) vs.Pirkowski(R)
IN:Lugar(R) vs.Mourdock(R) vs.Donnelly(D)
MA:Brown(R) vs.Warren(D)
MD:Cardin(D) vs.Bongino(R) vs.Sobhani(I)
ME:King(I) vs.Dill(D) vs.Summers(R)
MI:Stabenow(D) vs.Hoekstra(R) vs.Boman(L)
MN:Klobuchar(D) vs.Bills(R)
MO:McCaskill(D) vs.Akin(R)
MS:Wicker(R) vs.Gore(D)
MT:Tester(D) vs.Rehberg(R)

ND:Heitkamp(D) vs.Berg(R)
NE:Kerrey(D) vs.Fischer(R)
NJ:Menendez(D) vs.Kyrillos(R) vs.Diakos(I)
NM:Heinrich(D) vs.Wilson(R)
NV:Heller(R) vs.Berkley(D)
NY:Gillibrand(D) vs.Long(R) vs.Noren(I) vs.Clark(G)
OH:Brown(D) vs.Mandel(R)
PA:Casey(D) vs.Smith(R)
RI:Whitehouse(D) vs.Hinckley(R)
TN:Corker(R) vs.Clayton(D)
TX:Cruz(R) vs.Sadler(D) vs.Roland(L) vs.Dewhurst(R)
UT:Hatch(R) vs.Howell(D)
VA:Kaine(D) vs.Allen(R)
VT:Sanders(I) vs.MacGovern(R)
WA:Cantwell(D) vs.Baumgartner(R)
WI:Thompson(R) vs.Baldwin(D)
WV:Manchin(D) vs.Raese(R)
WY:Barrasso(R) vs.Chesnut(D)
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Page last updated: Nov 20, 2012