2012 Wisconsin Senate Debates: on Tax Reform


Tammy Baldwin: Get rid of loopholes for outsourcing and capital gains

Asked about specific spending cuts each would make, Baldwin said she would "get rid of deductions and loopholes that encourage outsourcing of U.S. jobs and the ability to write off moving expenses for those taking overseas jobs." She would also eliminate the ability of "Hedge Fund managers to get their tax rates at 15 percent."
Source: Madison Agri-View on 2012 Wisconsin Senate debates Oct 4, 2012

Tommy Thompson: FactCheck: Tax cuts would save top 1% $87,000 each

We rated Half True a Baldwin claim that Thompson would give a $265,000 tax cut to millionaires like himself, while raising taxes on the middle class. The tax cut figure, as an average, is accurate, but the impact of Thomson's plan for middle-class taxpayers is far less clear.

Baldwin's claim that Thompson's tax plan would cut taxes by $87,000 for the top 1 percent of income earners was rated Mostly True. Thompson didn't refute the figure and experts said it was a good estimate, but that Thompson's plan lacks enough detail to know for sure.

A public employee union's claim that Thompson "supports massive tax cuts for corporations that outsource jobs" was partially accurate. Thompson would, under certain conditions, exempt from taxation U.S. companies' profits from overseas operations. But it's not clear whether U.S. employment would decline under this approach; and part of Thompson's plan provides incentives that could convince companies to bring profits back home.

Source: FactCheck.org on 2012 Wisc. Senate debate Sep 27, 2012

Tommy Thompson: Limit federal revenue to 18.5% of GDP; and 15% flat tax form

Thompson announced plans to revise the federal tax code. Thompson says he first wants to make George W. Bush's tax cuts permanent. He'd also like to limit federal revenue to 18.5% of the gross domestic product. Thompson would also like to introduce a 15% flat tax form.
Source: WLUK-TV FOX 11 News on 2012 Wisconsin Senate debates Apr 9, 2012

  • The above quotations are from 2012 Wisconsin Senate Debate.
  • Click here for definitions & background information on Tax Reform.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Tammy Baldwin on Tax Reform.
  • Click here for more quotes by Tommy Thompson on Tax Reform.
Candidates and political leaders on Tax Reform:

Retired Senate as of Jan. 2015:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Resigned from 113th House:
AL-1:Jo Bonner(R)
FL-19:Trey Radel(R)
LA-5:Rod Alexander(R)
MA-5:Ed Markey(D)
MO-9:Jo Ann Emerson(R)
NC-12:Melvin Watt(D)
SC-1:Tim Scott(R) 		Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R)
GA-1:Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1:Colleen Hanabusa(D)
IA-1:Bruce Braley(D)
LA-6:Bill Cassidy(R)
ME-2:Mike Michaud(D)
MI-14:Gary Peters(D)
MT-0:Steve Daines(R)
OK-5:James Lankford(R)
PA-13:Allyson Schwartz(D)
TX-36:Steve Stockman(R)
WV-2:Shelley Capito(R) 		Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R)
AR-2:Tim Griffin(R)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3:Tom Latham(R)
MN-6:Michele Bachmann(R)
NC-6:Howard Coble(R)
NC-7:Mike McIntyre(D)
NJ-3:Jon Runyan(R)
NY-4:Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6:Jim Gerlach(R)
UT-4:Jim Matheson(D)
VA-8:Jim Moran(D)
VA-10:Frank Wolf(R)
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Page last updated: Dec 05, 2018