OnTheIssuesLogo

Beto O`Rourke on Tax Reform

Democratic candidate for President; Texas Senator nominee

 


Tax capital at same rate as regular income

Q: Would you support a 70 percent individual marginal tax rate?

A: I would support a tax rate and a tax code that is fair to everyone. Tax capital at the same rate that you tax ordinary income. Take that corporate tax rate up to 28 percent. You would generate the revenues you need to pay for the programs we're talking about.

Source: June Democratic Primary debate (first night in Miami) , Jun 26, 2019

War tax on non-military households to support vet healthcare

Non-military households would pay a "war tax" to help cover the health care of veterans under a plan O`Rourke's campaign unveiled. Money collected would go into a new trust fund for veterans. Households making less than $30,000 per year would pay $25; less than $40,000 would pay $57; less than $50,000 would pay $98; less than $75,000 would pay $164; less than $100,000 would pay $270; less than $200,000 would pay $485; and those making more than $200,000 would pay $1,000.
Source: CNN.com coverage of 2020 Democratic primary , Jun 24, 2019

Voted for oil tax; opposed 2017 tax legislation

He has derided business tax cuts and opposed the GOP tax overhaul of 2017. O'Rourke voted in favor of an oil tax in 2016 that would have taxed $10 on every barrel of crude oil.
Source: Axios.com "What you need to know about 2020" , Apr 29, 2019

Wealth tax would generate revenue for 'common benefit'

"Fundamental to this experiment to America and our democracy is ensuring we don't have princes and princesses, kings and queens, a concentration of wealth and power and privilege," the former U.S. Representative from Texas said at a campaign stop in Rock Hill, South Carolina. "That is exactly what we have in this country right now." A wealth tax would generate revenue for "our common benefit," such as infrastructure projects and health care, he said.
Source: Bloomberg News, "Wealth Tax," on 2020 Democratic primary , Mar 22, 2019

Everyone should sacrifice, with higher top marginal tax rate

He also believes in a version of Alexandria Ocasio-Cortez's call for a higher top marginal tax rate, though he doesn't volunteer the 70 percent number, and he makes a different sort of argument. "If you're trying to mobilize this country to meet an existential threat, as we did against the Nazis in World War II, then you're going to have to ask everyone to sacrifice," he says. "If you don't see a shared interest or shared opportunity to advance, then we'll no longer see ourselves in this together and this country will truly break apart. This level of gross income inequality cannot persist, and if there's a better way to get there, I'm open to it. But it's definitely going to involve higher marginal rates on the very wealthiest in this country."
Source: Joe Hagan in Vanity Fair on 2020 Democratic primary , Mar 13, 2019

GOP tax plan helps rich & hurts middle class

H.R. 1 bets on trickle-down economics working when we know it doesn't. We know that providing billions of dollars in tax breaks to corporations and the richest Americans won't magically help middle class families. Rather, the exact opposite occurs. While nearly 50% of the cuts?--?over $500 billion?--?flows to the top 1%, this tax bill would cause 36 million households in the middle class to see their taxes rise. The rich get richer while the middle class pays up.
Source: Medium.com on 2018 Texas Senate race , Nov 16, 2017

Raising estate tax to 1990s level means $448B in new revenue.

O`Rourke voted NAY Death Tax Repeal Act

Heritage Action Summary: This bill would repeal the estate and generation-skipping transfer taxes, as well as cut the top gift tax rate.

Heritage Foundation recommendation to vote YES: (4/16/2015): Collectively, these measures repeal the pernicious double tax known as the "death tax," and result in a tax cut of $269 billion over 10 years. The death tax hurts economic growth and therefore limits the ability of Americans to prosper. Repealing the death tax would generate an average of 18,000 jobs annually and increase the overall net worth of American households by $300 billion a year. The federal government should encourage, not punish, Americans who work and pay taxes their whole lives, save enough to support themselves through retirement, and retain the ability to fulfill the American Dream by passing along a better life to their children.

Secretary of Labor Robert Reich recommendation to vote YES: (robertreich.org 6/4/2015): At a time of historic economic inequality, it should be a no-brainer to raise a tax on inherited wealth for the very rich. Yet there's a move among some members of Congress to abolish it altogether. Today the estate tax reaches only the richest 2/10 of 1%, and applies only to dollars in excess of $10.86 million for married couples or $5.43 million for individuals. That means if a couple leaves to their heirs $10,860,001, they now pay the estate tax on $1. The current estate tax rate is 40%, so that would be 40 cents. Yet according to these members of Congress, that's still too much. Our democracy's Founding Fathers did not want a privileged aristocracy. Yet that's the direction we're going in. The tax on inherited wealth is one of the major bulwarks against it. That tax should be increased and strengthened.

Legislative outcome: Passed by the House 240-179-12; never came to vote in Senate.

Source: Congressional vote 15-H1105 on Apr 16, 2015

CC:Reverse federal income tax cuts.

O`Rourke opposes the CC survey question on keeping tax cuts

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Make federal income tax cuts permanent' Christian Coalition's self-description: "Christian Voter Guide is a clearing-house for traditional, pro-family voter guides. We do not create voter guides, nor do we interview or endorse candidates."

Source: Christian Coalition Surve 18CC-11a on Jul 1, 2018

CC:Keep the inhertiance tax.

O`Rourke opposes the CC survey question on eliminating Death Tax

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Permanent Elimination of the "Death Tax"' Christian Coalition's self-description: "Christian Voter Guide is a clearing-house for traditional, pro-family voter guides. We do not create voter guides, nor do we interview or endorse candidates."

Source: Christian Coalition Surve 18CC-11b on Jul 1, 2018

Other governors on Tax Reform: Beto O`Rourke on other issues:
TX Gubernatorial:
Allen West
Andrew White
Annise Parker
Chad Prather
David Dewhurst
Deidre Gilbert
Don Huffines
George P. Bush
Greg Abbott
Julian Castro
Kathie Glass
Lupe Valdez
Mike Rawlings
TX Senatorial:
Chris Bell
Cristina Tzintzun Ramirez
John Cornyn
MJ Hegar
Royce West
Sema Hernandez
Ted Cruz
Gubernatorial Debates 2021:
CA Recall:
S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Former U.S.Rep Doug Ose(R)
vs.Laura Smith(R)
vs.Former Olympian Caitlyn Jenner(R)
vs.Radio Host Larry Elder(R)
vs.Kevin Paffrath(D)
vs.Gavin Newsom(D)
NJ: Incumbent Phil Murphy(D)
vs.State Rep. Jack Ciattarelli(R)
vs.Candidate Hirsh Singh(R)
vs.GOP Chair Doug Steinhardt(R)
VA: Incumbent Ralph Northam(D,term-limited)
vs.Former Governor Terry McAuliffe(D)
vs.CEO Glenn Youngkin(R)
vs.A.G. Mark Herring(D)
vs.State Sen. Amanda Chase(I)
vs.Lt. Gov. Justin Fairfax(D)
vs.State Rep. Jennifer Carroll Foy(D)
vs.State Rep. Lee Carter(D)
vs.State Sen. Jennifer McClellan(D)
vs.State Rep. Kirk Cox(R)
vs.CEO Pete Snyder(R)

Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.Former Gov. Matt Bevin(? R)

vs.Senator Rand Paul(? R)
vs.State Auditor Mark Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Biden Adviser Cedric Richmond(? D)
vs.Senator John Neely Kennedy(? R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R)

Gubernatorial Debates 2022:
AK: Incumbent Mike Dunleavy(R)
vs.Bill Walker(I)
vs.Les Gara(D)
vs.Billy Toien(L)
AL: Incumbent Kay Ivey(R)
vs.Chris Countryman(D)
vs.Stacy Lee George(R)
AR: Incumbent Asa Hutchinson(R,term-limited)
vs.Trump Adviser Sarah Huckabee Sanders(R)
vs.A.G. Leslie Rutledge(R,withdrew Nov.2021)
vs.Ricky Dale Harrington(L)
vs.Anthony Bland(D)
AZ: Incumbent Doug Ducey(R,term-limited)
Mayor Marco Lopez(D)
vs.Former news anchor Kari Lake(R)
vs.Secretary of State Katie Hobbs(D)
vs.State Treasurer Kimberly Yee(R)
vs.U.S.Rep.Matt Salmon(R)
vs.Steve Gaynor(R)
vs.State Rep.Aaron Lieberman(D)
vs.Jorge Rivas(R)
CA: Incumbent Gavin Newsom(D)
vs.S.D.Mayor Kevin_Faulconer(R)
vs.Former Gov. nominee John Cox(R)
vs.Kevin Paffrath(D)
CO: Incumbent Jared Polis(D)
vs.Mayor Greg Lopez(R)
vs.Heidi Ganahl(R)
CT: Incumbent Ned Lamont(D)
vs.Bob Stefanowski(? R)
FL: Incumbent Ron DeSantis(R)
vs.Former Gov.Charlie Crist(D)
vs.Agriculture Commissioner Nikki Fried(D)
GA: Incumbent Brian Kemp(R)
vs.Minority Leader Stacey Abrams(D)
vs.Senate candidate Shane Hazel(L)
vs.State Rep.Vernon Jones(R)
vs.2020 candidate Kandiss Taylor(R)
HI: Incumbent David Ige(D,term-limited)
vs.Marissa Kerns(R)
vs.Lt.Gov.Josh Green(D)
vs.Vicky Cayetano(D)
vs.Paul Morgan(R)
IA: Incumbent Kim Reynolds(R)
vs.Deidre DeJear(D)
vs.State Rep.Ras Smith(D)
ID: Incumbent Brad Little(R)
vs.Raul Labrador(R)
vs.Lt. Gov. Janice McGeachin(R)
vs.Ammon Bundy(R)
vs.Ed Humphreys(R)
IL: Incumbent J.B. Pritzker(D)
vs.State Sen.Darren Bailey(R)
vs.Paul Schimpf(R)
vs.Jesse Sullivan(R)
KS: Incumbent Laura Kelly(D)
vs.Jeff Colyer(R)
vs.State Sen.Derek Schmidt(R)
vs.Chase LaPorte(R) 		Gubernatorial Debates 2022 (continued):
MA: Incumbent Charlie Baker(R)
vs.Lt.Gov.Karyn Polito(R)
vs.State Rep. Geoff Diehl(R)
vs.Harvard Professor Danielle Allen(D)
vs.State Sen.Ben Downing(D)
vs.State Sen.Sonia Chang-Diaz(D)
MD: Incumbent Larry Hogan(R,term-limited)
vs.State Del.Robin Ficker(R) vs.State Del.Peter Franchot(D) vs.State Del.Kelly M. Schulz(R) vs.Secretary John B. King(D) vs.Ashwani Jain(D) vs.State A.G. Doug Gansler(D) vs.County Exec. Rushern Baker(D) vs.Secretary Thomas Perez(D) vs.Wes Moore(D) vs.Dan Cox(R)
ME: Incumbent Janet Mills(D)
vs.Former Gov. Paul LePage(R)
MI: Incumbent Gretchen Whitmer(D)
vs.Chief James Craig(R)
vs.Police Chief Tudor Dixon(R)
vs.Garrett Soldano(R)
vs.John E. James(? R)
MN: Incumbent Tim Walz(DFL)
vs.Mayor Mike Murphy(R)
vs.State Sen.Scott Jensen(R)
vs.Michelle Benson(R)
vs.Paul Gazelka(R)
NE: Incumbent Pete Ricketts(R,term-limited)
vs.U.S.Senator Bob Krist(R)
vs.Chuck Herbster(R)
vs.Jim Pillen(R)
vs.Brett Lindstrom(R)
vs.Carol Blood(D)
NH: Incumbent Chris Sununu(R)
vs.Dan Feltes(D)
vs.Karen Testerman(R)
NM: Incumbent Michelle Lujan Grisham(D)
vs.Commissioner Jay Block(R)
vs.State Rep.Rebecca Dow(R)
NV: Incumbent Steve Sisolak(D)
vs.A.G.Adam Laxalt(R)
vs.North Las Vegas Mayor John Lee(R)
vs.Dean Heller(R)
vs.Joe Lombardo(R)
NY: Incumbent Andrew Cuomo(D,resigned)
vs.Acting Gov.Kathy Hochul(D)
vs.Rob Astorino(R)
vs.Andrew Giuliani(R)
vs.US.Rep.Lee Zeldin(R)
vs.Tom Suozzi(D)
OH: Incumbent Mike DeWine(R)
vs.Former Rep.Jim Renacci(R)
vs.Dayton Mayor Nan Whaley(D)
vs.Mayor John Cranley(D)
OK: Incumbent Kevin Stitt(R)
vs.State Sen. Ervin Yen(R)
vs.Connie Johnson(D)
vs.Joy Hofmeister(D)
OR: Incumbent Kate Brown(D,term-limited)
vs.Gov. nominee Bud Pierce(R)
vs.Paul Romero(R)
vs.Casey Kulla(D)
vs.Kerry McQuisten(R)
vs.Tina Kotek(D)
vs.Nicholas Kristof(D)
PA: Incumbent Tom Wolf(D,term-limited)
vs.U.S.Rep. Lou Barletta(R)
vs.Commissioner Joe Gale(R)
vs.A.G.Josh Shapiro(D)
vs.William McSwain(R)
RI: Incumbent Gina Raimondo(D,to Cabinet)
vs.Gov. Dan McKee(D)
vs.Secy.Matt Brown(D)
vs.Mayor Allan Fung(R ?)
vs.Luis-Daniel Munoz(D)
vs.RI Secretary of State Nellie Gorbea(D)
vs.Seth Magainer(D)
vs.Helena Foulkes(D)
SC: Incumbent Henry McMaster(R)
vs.US.Rep.Joe Cunningham(D)
vs.State senator Mia McLeod(D)
SD: Incumbent Kristi Noem(R)
vs.State Rep. Billie Sutton(? D)
TN: Incumbent Bill Lee(R)
vs.Carnita Atwater(D)
vs.J B Smiley(D)
TX: Incumbent Greg Abbott(R)
vs.Beto O`Rourke(D)
vs.Chad Prather(R)
vs.State Sen.Don Huffines(R)
vs.U.S.Rep. Allen West(R)
vs.Deidre Gilbert(D)
VT: Incumbent Phil Scott(R)
(no prospective opponents yet)
WI: Incumbent Tony Evers(D)
vs.CEO Jonathan Wichmann(R)
vs.Rebecca Kleefisch(R)
WY: Incumbent Mark Gordon(R)
vs.Rex Rammell(R)
vs.Minority Leader Chris Rothfuss(? D) 		Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Local Issues
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty

 





Page last updated: Dec 12, 2021