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Phil Scott on Tax Reform

 

 


Increase estate tax exemption from $2.75M to $5.75M

The estate tax is a stable source--average revenue since 2004 has been about $19.5 million, and the lowest year was 2015 at $9.9 million. Tax professionals consistently tell me that because we are so far out of line with other states, the estate tax is a factor in retirees leaving. I propose increasing the current exemption from $2.75 million to $5.75 million over four years. This will align us with Maine and New York, and more closely with the federal exemption.
Source: 2019 State of the State address to the Vermont legislature , Jan 24, 2019

Balanced budget without raising taxes

Early in my career working construction, I learned that when you find yourself in a hole and have a problem, the first thing you do is stop digging. Well, I'm proud to report that last year we stopped digging. We passed a budget that invested in our people and economy, without raising a single tax or fee. We closed a budget gap of more than $60 million, and limited budget growth to just over 1%, while wages grew at about 2%. This means--for the first time in recent history -that state government actually helped people keep more of what they earned.
Source: 2018 Vermont State of the State address , Jan 4, 2018

Property taxes shouldn't grow faster than property values

In 2014, 50% of Vermont's school students saw their school budgets voted down as many communities fought back against the property tax rates. Many communities reduced their budgets but still had substantially higher property tax rates imposed on them.

What did the Legislature do to address this unsustainable problem? Nothing. The property tax system is broken and Scott believes it's time for the Legislature to stop sidestepping this challenge and work with school boards to find a reasonable solution.

As a matter of principle, Scott does not believe property taxes should grow faster, on average, than increases in income or increases in the underlying fair market value of the property being taxed. He also believes that the state should audit all of its unfunded mandates and repeal them.

Scott will continue be a voice for those Vermonters struggling to pay their property tax bills and make developing a real, sustainable reform of our property tax system a top priority.

Source: 2016 Vermont Gubernatorial campaign website PhilScott.org , Sep 9, 2015

Other governors on Tax Reform: Phil Scott on other issues:
VT Gubernatorial:
Christine Hallquist
Keith Stern
Matt Dunne
Shap Smith
Sue Minter
VT Senatorial:
Al Giordano
Bernie Sanders
Brooke Paige
John MacGovern
Lawrence Zupan
Patrick Leahy
Scott Milne

Gubernatorial Debates 2019:
KY:
Bevin(R)
vs.Goforth(R)
vs.Adkins(D)
vs.Beshear(D)
vs.Edelen(D)
LA:
Edwards(D)
vs.Abraham(R)
MS:
Bryant(R)
vs.Foster(R)
vs.Hood(D)
vs.Reeves(R)

Gubernatorial Debates 2018:
AK: Walker(i) vs.Dunleavy(D) vs.Chenault(R) vs.Huggins(R) vs.Begich(D) vs.Treadwell(D)
AL: Ivey(R) vs.Countryman(D) vs.Battle (R) vs.Maddox (R) vs.George(R) vs.Carrington(R)
AR: Hutchinson(R) vs.Henderson(D) vs.West(L)
AZ: Ducey(R) vs. Garcia (D) vs.Farley(D)
CA: Newsom(D) vs.Chiang(D) vs.Villaraigosa(D) vs.Eastin (D) vs.Hadley (R) vs.Cox (R) vs.Istvan (I) vs.Allen(R) vs.La Riva(P)
CO: Johnston(D) vs.Mitchell(R) vs.Kennedy (D) vs.Robinson (R) vs.Barlock(R) vs.Lynne(R) vs.Polis(D) vs.Coffman(R) vs.Brauchler(R,A.G.) vs.Stapleton(R)
CT: Malloy(D) vs.Lamont(D) vs.Stefanowski(R) vs.Srinivasan(R) vs.David Walker (R) vs.Lumaj(R) vs.Visconti(R) vs.Lauretti(R) vs.Drew(D)
FL: Gillum(D) vs.Graham(D) vs.Putnam(R) vs.Levine(D) vs.DeSantis(R)
GA: Kemp(R) vs.Cagle(R) vs.Hill(R) vs.Abrams(D) vs.Levine(D)
HI: Ige(D) vs.Hanabusa(D) vs.Tupola(R) vs.Carroll(R) vs.McDermott(R)
IA: Reynolds(R) vs.Leopold(D) vs.Boulton(D) vs.McGuire(D) vs.Glasson(D) vs.Hubbell(D) vs.Porter(L) vs.Battaglia(L)
ID: Little(R) vs.Fulcher(R) vs.Labrador(R) vs.Ahlquist(R) vs.Minton(D) vs.Jordan(D)
IL: Rauner(R) vs.Kennedy(D) vs.Pawar(D) vs.Daniel Biss (D) vs.Pritzker(D) vs.Ives(R)
KS: Brewer(D) vs.Hartman (R)

Gubernatorial Debates 2018:(continued) vs.Colyer(R) vs.Kobach(R) vs.Orman(I) vs.Kelly(D)
MA: Baker(R) &Polito(R,Lt.Gov.) vs.Warren (D) vs.Massie (R)
MD: Hogan(R) vs.Ross (D) vs.Cummings(D) vs.Madaleno(D) vs.Jealous(D) vs.Quinn(L) vs.Schlakman(G)
ME: Mayhew(R) vs.Mills(D) vs.Boyle(D) vs.Thibodeau(R) vs.Moody(D) vs.Capron(I) vs.Caron(I)
MI: Whitmer(R) vs.El-Sayed(D) vs.Walz (D) vs.Schuette(R) vs.Calley(R) vs.Tatar(L)
MN: vs.Smith(D) vs.Coleman(D) vs.Murphy(D) vs.Otto(D) vs.Liebling (DFL) vs.Walz (DFL) vs.Dean (R) vs.Pawlenty(R) vs.Johnson(R) vs.Swanson(D)
MO: Greitens(R) vs.Parson(R)
NE: Ricketts(R) vs.Krist(D)
NH: Sununu(R) vs.Jarvis(L) vs.Marchand (D) vs.Kelly (D)
NM: Lujan-Grisham(D) vs.Pearce(R) vs.Cervantes(D) vs.Apodaca(D) vs.Jarvis(L)
NV: Fisher (R) vs.Sisolak(D) vs.Laxalt(R) vs.Schwartz(R)
NY: Cuomo(D) vs.Nixon(D) vs.Hawkins(G) vs.Molinaro(R)
OH: DeWine(R) vs.Husted(R,Lt.Gov.) vs.Kucinich(D) vs.Sutton(D,Lt.Gov) vs.Taylor(R) vs.Renacci (R) vs.Pillich (D) vs.Schiavoni(D) vs.Whaley(D) vs.Cordray(D)
OK: Stitt(R) vs.Cornett(R) vs.Edmondson(D) vs.Richardson(R) vs.Johnson(D) vs.Powell(L) vs.Maldonado(L)
OR: Brown(D) vs.Inman(D) vs.Buehler(R)
PA: Wolf(D) vs.Fetterman(D,Lt.Gov.) vs.Wagner(R) vs.Barletta(R) vs.Krawchuk(L)
RI: Raimondo(D) vs.Brown(D) vs.Fung(R) vs.Morgan(R)
SC: McMaster(R) vs.McGill(R) vs.Pope(R) vs.Templeton(R) vs.Smith(D) vs.Warren(D) vs.Bryant(R)
SD: Noem(R) vs.Jackley(R) vs.Sutton(D)
TN: Green(R) vs.Dean(D) vs.Black(R) vs.Lee(R)
TX: Abbott(R) vs.Glass(L) vs.White(D) vs.Valdez(D)
VT: Scott(R) vs.Moody(R) vs.Hallquist(D) vs.Stern(D)
WI: Walker(R) vs.Harlow(D) vs.Vinehout(D) vs.Evers(D) vs.Roys(D) vs.Anderson(L)
WY: Throne(D) vs.Dahlin(R) vs.Gordon(R) vs.Rammell(R)
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Page last updated: Mar 17, 2019