Donnelly said he wants to see corporate income tax rates lowered from 35 percent to 25 percent. He said he supports eliminating the inheritance tax, but only once the nation's fiscal picture is improved.
To Mourdock, currently state treasurer, Donnelly is a supporter of President Obama and Senate Majority Leader Harry Reid who voted to make government bigger by supporting ObamaCare.
The debate's frequent focus on partisanship and principles has its roots in the Republican primary, when Mourdock defeated veteran Sen. Richard Lugar in large part by arguing that Lugar had compromised too often on too many issues and was no longer representing the conservative values of Hoosier voters.
Donnelly repeatedly made a pitch to those so-called "Lugar Republicans." He stressed his work with Lugar in the Senate, including both of them supporting the federal loans to Chrysler and General Motors, and cited a letter Mourdock wrote that accused Lugar of betraying conservatives.
A: Yes. I support an eventual reduction in Indiana's relatively high corporate income tax. Our plan to cut and cap property taxes resulted in the largest tax reduction in Indiana history. I support the eventual elimination of property taxes, but not in the near future, because other taxes would have to be increased to unacceptable rates to make up the loss of revenue for local government.
|2012 Presidential contenders on Corporations:|
Green: Dr.Jill Stein(MA)
Libertarian: Gov.Gary Johnson(NM)
Justice: Mayor Rocky Anderson(UT)
Constitution: Rep.Virgil Goode(VA)
Peace+Freedom: Roseanne Barr(HI)
Reform Party: André Barnett(NY)
AmericansElect: Gov.Buddy Roemer(LA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
(We rely on your support!)