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Suzanne Bonamici on Tax Reform |
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.
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| 2021-22 Governor, House and Senate candidates on Tax Reform: | Suzanne Bonamici on other issues: | |||
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OR Gubernatorial: Bud Pierce Casey Kulla Christine Drazan Julian Bell Kate Brown Kerry McQuisten Knute Buehler Nicholas Kristof Paul Romero Tina Kotek Tobias Read OR Senatorial: Jeff Merkley Kevin Stine Mark Callahan Paul Romero Ron Wyden |
Open Seats / Turnovers 2022:
AL-5: Mo Brooks (R) running for AL Senator CA-37: Karen Bass (D) running for mayor of Los Angeles FL-10: Val Demings (D) running for FL Senator FL-13: Charlie Crist (D) running for FL governor HI-2: Kai Kahele (D) running for MD governor MD-4: Anthony G. Brown (D) running for attorney general of Maryland MO-4: Vicky Hartzler (R) running for MO Senator MO-7: Billy Long (R) running for MO Senator NY-1: Lee Zeldin (R) running for NY governor NY-3: Thomas Suozzi (D) running for NY governor NC-8: Ted Budd (R) running for NC Senator NC-11: Madison Cawthorn (R) Incumbent lost renomination OH-13: Tim Ryan (D) running for OH Senator OK-2: Markwayne Mullin (R) running for OK Senator OR-5: Kurt Schrader (D) Incumbent lost renomination PA-17: Conor Lamb (D) running for PA Senator SC-7: Tom Rice (R) Incumbent lost renomination TX-1: Louie Gohmert (R) running for attorney general of Texas VT-0: Peter Welch (D) running for VT Senator Special Elections 2021: LA-2: Troy Carter (R, April 2021) LA-5: Julia Letlow (R, March 2021) NM-1: Melanie Stansbury (D, June 2021) OH-11: Shontel Brown (D, Nov. 2021) OH-15: Mike Carey (R, Nov. 2021) TX-6: Jake Ellzey (R, July 2021) |
Hot Races 2022:
CA-27: Christy Smith (D) vs. Mike Garcia (R) FL 27: Annette Taddeo (D) vs. Maria Elvira Salazar (R) GA-7: Carolyn Bourdeaux (D) lost redistricting race to Lucy McBath (D) GA-10: Vernon Jones(R) vs. Paul Broun (R,lost May 24 primary) to replace Jody Hice (R) running for Secretary of GA ME-2: Bruce Poliquin (R) rematch against Jared Golden (D) MI-10: John James (R) - running for newly redistricted seat MI-11: Andy Levin (D) redistricted to face Haley Stevens (D) MT 1: Ryan Zinke (R) - running for newly created seat MT-2: Al Olszewski(R) vs. Sam Rankin(Libertarian) vs. Matt Rosendale(R) NJ-7: Thomas Kean Jr. (R) challenging Tom Malinowski (R) NY-10: Bill de Blasio (D) challenging Mondaire Jones (D) NY-11: Max Rose (D) challenging Nicole Malliotakis (R) NY 12: Carolyn Maloney (D) redistricted to face Jerry Nadler (D) RI-2: Seth Magaziner (D) vs. Allan Fung (R) RI-1: Allen Waters (R) vs. David Cicilline (D) TX-34: Mayra Flores (R) - Elected SPEL June 2022; general election Nov. 2022 against Vicente Gonzalez (D) WA-4: Brad Klippert (R) challenging Dan Newhouse (R) WV-2: David McKinley lost a redistricting race to fellow incumbent Alex Mooney Special Elections 2022: AK-0: Sarah Palin (R) vs. Al Gross (Independent) CA-22: Connie Conway (R) replaced Devin Nunes on June 7. FL-20: Sheila Cherfilus-McCormick (D) replaced Alcee Hastings on Jan. 11. MN-1: vacancy left by Jim Hagedorn (R), deceased Feb. 17; SPEL on August 9. NE-1: Jeffrey Fortenberry (R) Resigned on March 31, after being convicted; Mike Flood (R) in SPEL on June 28. NY-19: Marc Molinaro (R) running for SPEL Aug. 23 for seat vacated by Antonio Delgado (D), now Lt.Gov. TX-34: Mayra Flores (R) SPEL June 14 for seat vacated by Filemon Vela Jr. (D) |
Abortion
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