State of Delaware Archives: on Tax Reform


John Carney: Share sacrifice of budget cuts and tax hikes

Business as usual has to change. If we are going to tackle the tough issues that confront us, we need to get our financial house in order. We need a budget reset--a new plan to set us on stronger financial footing and make our state more competitive. A long-term solution to a nearly $400 million budget deficit.

I've proposed an operating budget that grows government spending less than 3/10 of 1%. It contains a 50-50 mix of spending cuts & new revenue. It's built on the principle of shared sacrifice.

Our north star in building this budget was making Delaware more competitive. While we went line by line, deciding which programs to cut and which to preserve, which taxes to raise and which to leave untouched, we asked ourselves the same question over and over again: "How will this decision impact our ability to grow our economy and compete?"

It would be easy to get lost in the doom and gloom of budget cuts and tax hikes. There is something in our budget for everyone not to like.

Source: 2017 Delaware State of the State address Mar 30, 2017

Jack Markell: Reduce corporate tax to increase competitiveness

It's also time for us to modernize our tax code to promote job creation. I applaud the House of Representatives for passing the Delaware Competes Act, which recognizes that we must change our corporate income tax laws so that Delaware is more competitive--and so that companies have a bigger incentive to expand in our state.
Source: 2016 State of the State speech to Delaware legislature Jan 21, 2016

Kevin Wade: Tax code adds 12.5 percent to the cost of everything

Wade said the tax code needs an overhaul. The federal tax code adds 12.5 percent to the cost of everything manufactured in the United States, Wade said. He called the code a toy box for special interests. "There is no confidence in the leadership of this nation," he said.
Source: Cape Gazette on 2012 Delaware Senate debate Oct 19, 2012

Chris Coons: Every extension of Bush tax cut adds to the deficit

Q: Do you support keeping the Bush tax cuts for all Americans or only those make under $200,000?

COONS: I support extending the Bush tax cuts for the overwhelming majority of Americans. I don't think we should draw an arbitrary line at $250,000. But th value that I will apply as deciding how much to extend, whether it goes up to $1 million or $2 million, is that we've got a tough choice to make. Every increased tax cut, every extension that's given, is going to increase the deficit. The primary value I would apply in deciding whether to extend all the Bush tax cuts & for how long [is that] we should do those tax cuts that have the best chance of getting our economy going again.

O'DONNELL: You have said that you will stop the tax cuts for the so-calle rich. What you fail to realize is the so-called rich are the small business owner. small business owner, the dry-cleaner down the street, the pizza shop owner who makes $300,000 before they pay their four employees, before they feed their own family.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Christine O`Donnell: 2011 tax hikes will cost $10,000 per family

I'm running because I'm concerned about the direction of our country. In just three years, we will be paying $1 billion a day on the interest alone on our national debt.

The common sense men and women all across Delaware know this is not sustainable. Yet my opponent wants to go to Washington and rubber-stamp the failed spending bills that are coming from--that have cost us 2.5 million jobs.

This is wrong. Uncle Sam needs to be cut off.

I want to go to Washington to create jobs based on private business, not your tax dollars. I want to fight to have our nation become debt free. I want to stop the tax hikes that are coming in January.

A vote for my opponent will cost the average Delaware family $10,000 instantly between the January tax hikes and his vote for cap and trade. Most of us can't afford that. If you think that government is too small and that your taxed too little, if you're ever questioned whether America is a beacon of freedom and justice, then he's your guy.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Christine O`Donnell: Two-year tax holiday on the capital gains tax

O'DONNELL: A couple of that things I'm proposing. #1: a temporary two-year tax holiday on the capital gains tax to give investors the money they need to reinvest in business, to permanently eliminate the death tax. That's not only an unjust bill because we've paid taxes while we saved it, but it will also create 1.5 million new jobs.

COONS: We'd like to have Americans able to receive the benefits they need to get through incredibly difficult times. But to simply denounce people as being dependent because they're applying for and receiving food stamps in the worst recession in modern times is slandering people.

O'DONNELL: I'm not the person who would cut the tax benefits for disabled and low-income senior citizens, as you did as county executive But what I'm proposing is to make sure that the tax cuts for our Delawareans do not expire this January. You have said that you will stop the tax cuts for the so-called rich. What you fail to realize is the so-called rich are the small business owner.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Christine O`Donnell: Small business owners earn $300K and need tax cuts too

Q: Do you support keeping the Bush tax cuts for all Americans or only those make under $200,000?

COONS: I support extending the Bush tax cuts for the overwhelming majority of Americans. I don't think we should draw an arbitrary line at $250,000. But th value that I will apply as deciding how much to extend, whether it goes up to $1 million or $2 million, is that we've got a tough choice to make. Every increased tax cut, every extension that's given, is going to increase the deficit. The primary value I would apply in deciding whether to extend all the Bush tax cuts & for how long [is that] we should do those tax cuts that have the best chance of getting our economy going again.

O'DONNELL: You have said that you will stop the tax cuts for the so-calle rich. What you fail to realize is the so-called rich are the small business owner. small business owner, the dry-cleaner down the street, the pizza shop owner who makes $300,000 before they pay their four employees, before they feed their own family.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Chris Coons: New approach to replace Bush tax cuts

Recently, 18-year Congressman Mike Castle of Delaware told a reporter from Al-Jazeera: "People are beginning to grasp that the fiscal mismanagement in Washington which has caused a lot of indebtedness, a lot of borrowing, ultimately interest rate increases, and some great problems in the future needs to be managed."

"Congressman Castle has been in Congress for 18 years, and voting for indebtedness, borrowing, supporting the Bush tax breaks for the rich and bailing out Wall Street banks and now he tells a reporter that Washington should be managed better? He had the opportunity to reject the failed ideas of the past and he didn't--it is time for a new approach," said a Chris Coons campaign spokesperson. He added, "The open US Senate seat in Delaware is drawing national and international attention and for the first time Congressman Castle is going to have to account for saying one thing in Delaware and doing another in Washington."

Source: Coons press release on Delaware Liberal (DL blog) Aug 18, 2010

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2016 Presidential contenders on Tax Reform:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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