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Michael Bennet on Tax Reform
Democratic Presidential Challenger; CO Senator
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Reverse Trump tax cuts; restore expanded child tax credit
He vehemently rejected the idea that the expanded child tax credit caused rising prices as it lifted families out of poverty: "It is a ridiculous statement to say $100 billion investment in working people on a $23 trillion dollar economy is going
to drive inflation." Bennet would like to extend those tax credits. Bennet said a bill reversing the Trump tax cuts for the rich, extending tax credits and fighting climate change would be "helpful to me, helpful to the country and helpful to my state."
Source: Politico.com on 2022 Colorado Senate race
, May 24, 2022
Obama-Biden sequester made Bush tax cuts permanent
Q: How do you view the Obama Administration's implementation of sequestering the budget, which strictly limited budget growth?V.P. Joe BIDEN: We needed to be able to keep the government from shutting down and going bankrupt. I got Mitch McConnell to
raise taxes $600 billion by raising the top rate.
Sen. Michael BENNET: The deal that he talked about with Mitch McConnell was a complete victory for the Tea Party. It extended the Bush tax cuts permanently.
The Democratic Party had been running against that for 10 years. We lost that economic argument, because that deal extended almost all those Bush tax cuts permanently and put in place the mindless cuts that we still are
dealing with today that are called the sequester. That was a great deal for Mitch McConnell. It was a terrible deal for America.
Source: June Democratic Primary debate (second night in Miami)
, Jun 27, 2019
Tax cuts for families; sponsored American Family Act
Bennet is a primary sponsor of the American Family Act, which
would provide tax cuts for middle class families to help offset the cost of raising children in America.
Source: Axios.com "What you need to know about 2020"
, May 2, 2019
Cut taxes $12B on small businesses
When asked, "What would you do in Congress to create jobs and turn the economy around," both men said the key would be small businesses. Buck said, "As a leader in Washington DC,
I would do everything that I can to make sure that our small business people have a lower tax burden. That those small business people know that we aren't going to pass cap and trade, and cause their energy bills to go up.
That we aren't going to let regulators legislate in administrative settings rather than to have the United State Congress legislating. That we are going to give our small businesses the kind of stability that they need." To which
Bennet fired back by saying, "Two weeks ago, I voted to cut taxes on small businesses in this country by $12 billion. And that bill was opposed by my opponent in this race."
Source: KKTV coverage of 2010 Colorado Senate debate
, Oct 7, 2010
Open to compromise on temporarily extending Bush tax cuts
Both men emphasized their willingness to break from party orthodoxy. Bennet said that he'd be "open" to a compromise on "temporarily" extending the
Bush tax cuts for wealthy Americans. Buck told the audience, "I will not swear allegiance to the Republican party in Washington, DC."
Source: ABC News coverage of 2010 Colorado Senate debate
, Sep 12, 2010
Target tax cuts to struggling middle class families
We must engage in a fiscally smart tax policy. We should target tax cuts to those middle class families and small businesses that are struggling the most under the weight of this recession. At the same time, we must close tax
loopholes that serve no purpose and simply allow some institutions to avoid paying their fair share.None of this will be easy. These problems weren't created overnight, and they won't be solved overnight.
Source: 2010 Senate campaign website, bennetforcolorado.com "Issues"
, Jul 2, 2009
Supports more federal taxes & keeping marriage penalty.
Bennet supports the CC survey questions on increasing taxes
The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.
The CC survey summarizes candidate stances on the following topics:- Increase in federal income tax rates
- Elimination of the federal marriage tax penalty [vs. keeping the federal marriage tax penalty]
Source: Christian Coalition Survey 10-CC-q11 on Aug 11, 2010
Supports increasing income tax rates.
Bennet supports the CC survey question on income taxes
The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Increase Federal Income Taxes or Income Tax Rates'
The Christian Coalition notes, "You can help make sure that voters have the facts BEFORE they cast their votes. We have surveyed candidates in the most competitive congressional races on the issues that are important to conservatives."
Source: Christian Coalition Survey 16_CC11a on Nov 8, 2016
Page last updated: Sep 16, 2022; copyright 1999-2022 Jesse Gordon and OnTheIssues.org