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David Walker on Tax Reform

 

 


No retroactive tax increases; reduce relative tax burdens

Connecticut has high tax burdens and has the latest Tax Freedom Date of any state in the union. The state relies too heavily on conventional taxes and has resorted to huge retroactive tax increases in recent years. We must not increase the overall level of taxation in Connecticut and we need to take steps to reduce relative tax burdens over time. To do so, Connecticut must engage in comprehensive tax reform that promotes growth and recognizes the economic and demographic realities in the state as well as the competitive challenges facing our state. This includes exploring user fees versus taxes, and considering privatization of activities that can be performed better and more cost-effectively by the non-profit or private sectors.
Source: 2014 CT Lt. Gubernatorial campaign website, WalkerForCT.com , Jul 2, 2014

Make effective tax rates progressive, not marginal tax rates

Q: What is your opinion on making taxes more progressive?

A: Are we talking about the effective tax rate?

Q: Most people mean a progressive marginal tax rate, where high-income earners have a much higher tax rate for their top marginal earnings than do low-income earners.

A: I am FOR making the EFFECTIVE tax rates more progressive, but I'm against making MARGINAL tax rates more progressive. Like a Reagan-style reform. Our current tax system is an abomination-- it needs to be simpler, fairer, and more competitive. And we need to broaden the base--fewer and better targeted tax preferences bring top marginal tax rates down to 25% for corporations as well as estate taxes and individuals. We should eliminate the differences with capital gains and ordinary income like Reagan did. So the bottom line marginal rates would go down but the effective rate would go up for the wealthy.

Source: Phone interview on presidential race with OnTheIssues.org , Mar 30, 2012

Broaden base; make top rate 25%; make capital gains 25%

Q: You propose bringing "top marginal tax rates down to 25% for corporations as well as estate taxes and individuals" and also that "we should eliminate the differences with capital gains." In other words, you're proposing an increase in the capital gains tax rate from its current 15%?

A: Yes, up to 25%. But we've got to get more people paying and less people taking a free ride--that's dangerous in a democracy. This proposal would also eliminate the need for the Buffett Rule.

Q: By the "Buffett Rule," you mean Obama's proposal that the top 1% of income earners, such as Warren Buffett, pay a surtax so that their marginal tax rate isn't lower than the bottom 99% of income earners, such as Warren Buffett's secretary?

A: Yes; eliminating the differences with capital gains tax rates would eliminate the need for the Buffett Rule.

Source: Phone interview on presidential race with OnTheIssues.org , Mar 30, 2012

Other governors on Tax Reform: David Walker on other issues:
CT Gubernatorial:
Dan Drew
Dan Malloy
Larry Kudlow
Linda McMahon
Prasad Srinivasan
Tom Foley
CT Senatorial:
Chris Murphy

Gubernatorial Debates 2017:
NJ: Guadagno(R) vs.Phil Murphy(D, won 2017 primary) vs.Ray Lesniak(D, lost 2017 primary) vs.Mayor Steve Fulop(declined Dem. primary, Sept. 2016) vs.Lesniak(D) vs.Wisniewski(D) vs.Ciattarelli(R) vs.Rullo(R)
VA: Gillespie(R) vs.Perriello(D) vs.Wittman(R) vs.Wagner(R) vs.Northam(D)
Gubernatorial Debates 2018:
AK: Walker(i) vs.(no opponent yet)
AL: Kay Ivey(R) vs.Countryman(D) vs.David Carrington (R) vs.Tommy Battle (R)
AR: Hutchinson(R) vs.(no opponent yet)
AZ: Ducey(R) vs.David Garcia (D)
CA: Newsom(D) vs.Chiang(D) vs.Villaraigosa(D) vs.Delaine Eastin (D) vs.David Hadley (R) vs.John Cox (R) vs.Zoltan Istvan (I)
CO: Ed Perlmutter (D) vs.Johnston(D) vs.Mitchell(R) vs.Cary Kennedy (D) vs.George Brauchler (R) vs.Doug Robinson (R)
CT: Malloy(D) vs.Drew(D) vs.Srinivasan(R) vs.David Walker (R)
FL: Gillum(D) vs.Graham(D) vs.Mike Huckabee (R) vs.Adam Putnam (R)
GA: Kemp(R) vs.Casey Cagle (R) vs.Hunter Hill (R) vs.Stacey Abrams (R)
HI: Ige(D) vs.(no opponent yet)
IA: Kim_Reynolds(R) vs.Leopold(D) vs.Andy McGuire (D) vs.Nate Boulton (D)
ID: Little(R) vs.Fulcher(R)
IL: Rauner(R) vs.Kennedy(D) vs.Pawar(D) vs.Daniel Biss (D) vs.J.B. Pritzker (D)
KS: Brewer(D) vs.Wink Hartman (R)
MA: Baker(R) vs.Gonzalez(D) vs.Setti Warren (D) vs.Bob Massie (R)
MD: Hogan(R) vs.Alec Ross (D) vs.Richard Madaleno (D)
ME: (no candidate yet)
MI: Whitmer(R) vs.El-Sayed(D) vs.Tim Walz (D)
MN: Coleman(D) vs.Murphy(D) vs.Otto(D) vs.Tina Liebling (DFL) vs.Tim Walz (DFL) vs.Matt Dean (R)
NE: Ricketts(R) vs.(no opponent yet)
NH: Sununu(R) vs.Steve Marchand (D, Portsmouth Mayor)
NM: Grisham(D) vs.(no opponent yet)
NV: Jared Fisher (R) vs.(no opponent yet)
NY: Cuomo(R) vs.(no opponent yet)
OH: DeWine(R) vs.Schiavoni(D) vs.Sutton(D) vs.Taylor(R) vs.Jim Renacci (R) vs.Jon Husted (R) vs.Connie Pillich (D)
OK: Gary Richardson (R) vs.Connie Johnson (D)
OR: Brown(D) vs.Scott Inman (D)
PA: Wolf(D) vs.Wagner(R)
RI: Raimondo(D) vs.(no opponent yet)
SC: McMaster(R) vs.McGill(R) vs.Pope(R)
SD: Noem(R) vs.Jackley(R)
TN: Green(R) vs.Dean(D)
TX: Abbott(R) vs.(no opponent yet)
VT: Scott(R) vs.(no opponent yet)
WI: Walker(R) vs.Harlow(D)
WY: (no candidate yet)
Newly-elected governors (first seated in Jan. 2017):
DE-D: Carney
IN-R: Holcomb
MO-R: Greitens
NH-R: Sununu
NC-D: Cooper
ND-R: Burgum
VT-R: Scott
WV-D: Justice

Retiring 2017-18:
AL-R: Robert Bentley(R)
(term-limited 2018)
CA-D: Jerry Brown
(term-limited 2018)
CO-D: John Hickenlooper
(term-limited 2018)
FL-R: Rick Scott
(term-limited 2018)
GA-R: Nathan Deal
(term-limited 2018)
IA-R: Terry Branstad
(appointed ambassador, 2017)
ID-R: Butch Otter
(retiring 2018)
KS-R: Sam Brownback
(term-limited 2018)
ME-R: Paul LePage
(term-limited 2018)
MI-R: Rick Snyder
(term-limited 2018)
MN-D: Mark Dayton
(retiring 2018)
NM-R: Susana Martinez
(term-limited 2018)
OH-R: John Kasich
(term-limited 2018)
OK-R: Mary Fallin
(term-limited 2018)
SC-R: Nikki Haley
(appointed ambassador, 2017)
SD-R: Dennis Daugaard
(term-limited 2018)
TN-R: Bill Haslam
(term-limited 2018)
WY-R: Matt Mead
(term-limited 2018)
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Page last updated: Jul 12, 2017