John Delaney on Corporations Democratic candidate for President; U.S. Rep from MD-6

Investors should pay as much tax as workers

DELANEY: I think wealthy Americans have to pay more. Listen, I grew up in a blue-collar family. Became a successful entrepreneur. And I've done well financially. I think I should pay more in tax. I think wealthy Americans should pay more in tax. But we have to have a real solution: raise the capital gains rates. There is no reason why people who invest for a living should pay less than people who work for a living. That's ridiculous. It's the biggest loophole in our tax code. That's how we get more revenues from wealthy individuals: we roll back the Trump tax cuts to wealthy individuals. I think the wealth tax will be fought in court forever. It's arguably unconstitutional. And the countries that have had it have largely abandoned it because it's impossible to implement.

Raise corporate taxes, but lower rates than 2017

FIVE CANDIDATES HAVE SIMILAR VIEWS: Joseph Biden, Jr.; Amy Klobuchar; Seth Moulton; Beto O`Rourke; Joseph Sestak.

Sen. Klobuchar and Rep. Moulton want to raise the corporate income tax rate to 25% from its current 21%. Rep. Delaney has suggested boosting the rate to around 27%. Rep. O`Rourke and V.P. Biden favor raising the rate to 28%.

Awarded for lending to 5,000 disadvantaged businesses

I know how to create jobs. We need a short-term strategy which is to put money in the pockets of workers with the earned income tax credit, raising the minimum wage, and creating family leave, and then we need to have a long-term strategy to make sure this country is competitive and we're creating jobs everywhere in this country.

Capitalism with regulation, but not socialism

Raise corporate taxes to pay for infrastructure

• Infrastructure: Repatriate tax revenue to fund bipartisan infrastructure package.
• At the top of Delaney's list of priorities, both as a congressman and presidential candidate, is investment in infrastructure.
• A year ago, he wrote a letter urging Trump to raise the corporate tax rate from 21 percent to 23 percent in order to fund a $200 billion infrastructure package. In Congress, he strongly opposed the tax reform bill passed by Republicans in 2017 (which lowered the corporate tax rate from 35 percent to 21 percent).
• The tax bill included measures incentivizing companies to bring overseas earnings back to the United States; Delaney argued that the revenue should have been put towards infrastructure spending.
• Each House session he was in Congress, Delaney introduced the Partnership to Build America Act to fund a $750 billion infrastructure package.

Early adopter of healthcare "capitation" business model

This was the early 1990s, a time when intravenous medicines were increasingly being delivered in the home, mostly for patients suffering from HIV/AIDS or cancer. Ethan and I pivoted and started our own home infusion company, which we named American Home Therapies.

Founded HealthPartners Financial; sold for $500M in 1999

We set up shop, named our fledging firm HealthPartners Financial Corporation (later changed to HealthCare Financial Partners), the business took off.

On the day of our initial public offering, in September 1996, Health Care Financial Partners was worth $86 million.

We kept on growing the business, hiring people, and financing hundreds of health care companies. In 1999, we sold our company to Heller Financial for $500 million.

Founded Leddel Health with fellow law school student

Voted NO on workforce training by state block grants & industry partners.

Supporting Knowledge and Investing in Lifelong Skills Act or SKILLS Act:
• Reauthorizes appropriations workforce investment systems for job training and employment services.
• Requires a plan describe:
  1. strategies and services to more fully engage employers and meet their needs, as well as those to assist at-risk youth and out-of-school youth in acquiring education, skills, credentials, and employment experience;
  2. how the state board will convene industry or sector partnerships that lead to collaborative planning;
  3. how the state will use technology to facilitate access to services in remote areas;
  4. state actions to foster partnerships with non-profit organizations that provide employment-related services; and
  5. the methodology for determining one-stop partner program contributions for the cost of the infrastructure of one-stop centers.
• Repeals title VI (Employment Opportunities for Individuals with Disabilities)

National League of Cities op-ed, "H.R. 803 fails because it would:"
1. Undermine the local delivery system that has been the cornerstone of job training programs
2. Establish a program that is based on political boundaries (states) rather than on economic regions and local labor markets, or the naturally evolving areas in which workers find paying work
3. Eliminate a strong role for local elected officials but require that they continue to be fiscally liable for funds spent in their local areas
4. Change what was once a program targeted to those most in need--economically disadvantaged adults and youth and special population groups like veterans, migrant farm workers, and low income seniors--into a block grant to governors
5. Contribute to the emerging division between those American's who have the requisite skills to find employment and those who do not.