John Hickenlooper in Yahoo News

On Corporations: Treat dividends & long-term capital gains as ordinary income

Gov. Hickenlooper also wants to change the way capital gains are taxed. For instance, he supports treating dividends and long-term capital gains as ordinary income (with exceptions for long-term capital gains linked to small businesses, primary residences and retirement accounts), including gains realized when the asset owner dies. He also wants to adjust taxable long-term gains to account for inflation over the period that an asset is held. Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary Aug 12, 2019

On Tax Reform: Higher taxes on the wealthy; lower taxes on working families

Like most of his fellow Democrats, former Gov. John Hickenlooper would push for higher taxes on wealthy Americans and lower taxes on working families. For instance, he's open to raising the top individual income tax rate--which is currently set at 37%--but he has not said how high the top rate should go. (As one of the more moderate candidates in the race, he probably wouldn't back rates as high as other candidates have suggested.) He also supports expanding the earned income tax credit by doubling the credit for households with children, raising the maximum benefit for families that don't have children living at home, reducing the minimum qualifying age for taxpayers without children in their home from 25 to 21 and increasing the credit's income limit.

He supports a carbon tax where to proceeds are passed back to citizens to help pay for increased energy costs.

Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary Aug 12, 2019

On Tax Reform: Mom-and-pop tax credit for five or fewer full-time employees

The former governor of Colorado is also pushing a few tax breaks designed to help rural communities. First, there's a new "mom and pop" tax credit for the owners of businesses with five or fewer full-time employees and annual revenues of less than $10 million. These owners would be allowed up to $50,000 in lifetime credits for new business investments or employment. Second, the governor is calling for a new Entrepreneurial Opportunity Zone Program, which would provide tax deductions for both new businesses and workers at new businesses in rural and distressed areas. The deductions would be available for five years. Finally, his plan to help rural America includes increased funding for the federal historic tax credit to boost investment in the renovation of historic buildings. Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary Aug 12, 2019

The above quotations are from Yahoo News. Click here for other excerpts from Yahoo News. Click here for other excerpts by John Hickenlooper. Click here for a profile of John Hickenlooper.
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Page last updated: Jun 28, 2023