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Topics in the News: Death Tax


Donald Trump on Principles & Values : Feb 29, 2016
Agrees with Hillary on marijuana, campaign finance, trade

Hillary and Trump do agree on some, including:The bottom line: If you prefer a polar opposite to Hillary, Trump should not be your chosen candidate. And if you prefer someone who will dismantle forever the Bush legacy, Hillary should not be your chosen candidate. Neither is the extremist their opponents make them out to be.
Click for Donald Trump on other issues.   Source: Donald Trump vs. Hillary Clinton On The Issues, by J. Gordon

Andrew Cuomo on Tax Reform : Jan 13, 2016
Tax cuts as part of strategy to create jobs

We limited the state's new spending to less than 2% a year. We passed a 2% property tax cap that has brought welcome relief to the citizens of our state and we have cut income, corporate and estate taxes. In total, we have reduced the tax burden on New Yorkers by $114 billion dollars. Why is that important? Because reducing taxes is part of our strategy to create jobs.
Click for Andrew Cuomo on other issues.   Source: 2016 State of the State speech to New York legislature

Gary Johnson on Corporations : Jan 11, 2016
Eliminate double taxation embodied in business income taxes

Governor Johnson advocates the elimination of tax subsidies, the double taxation embodied in business income taxes, and ultimately, the replacement of all income and payroll taxes with a single consumption tax that will allow every American and every business to determine their tax burden by making their own spending decisions. Taxes on purchases for basic necessities would be "prebated", with all other purchases taxed equally regardless of income, status or purpose.

Many leading economists have long advocated such a shift in the way we are taxed, and Gary Johnson believes the time has come to eliminate the punishing tax code we have today and replace it with a system that rewards productivity, investment & savings. The IRS as we know it today would no longer be necessary, and Americans would no longer need to live in fear of the force of government being wielded under the guise of tax collection.

Click for Gary Johnson on other issues.   Source: 2016 presidential campaign website GaryJohnson2016.com

Hillary Clinton on Tax Reform : Dec 19, 2015
Millionaires should pay 30% tax rate instead of 0%-10%

I want to make sure the wealthy pay their fair share, which they have not been doing. I want the Buffett Rule to be in effect, where millionaires have to pay 30 percent tax rates instead of 10 percent to nothing in some cases. I want to make sure we rein in the excessive use of political power to feather the nest and support the super wealthy. I also want to create jobs and I want to be a partner with the private sector. I'm particularly keen on creating jobs in small business.
Click for Hillary Clinton on other issues.   Source: 2015 ABC/WMUR Democratic primary debate in N.H.

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Bernie Sanders on Tax Reform : Nov 14, 2015
Wealthiest will pay more but not as much as under Eisenhower

Q: Let's get specific. How high would you go on tax rates? You have said before you would go above 50%.

SANDERS: We haven't come up with an exact number yet, but it will not be as high as the number under Dwight D. Eisenhower, which was 90%. I'm not that much of a socialist compared to Eisenhower. But we are going to end the absurdity, as Warren Buffet often reminds us, that billionaires pay an effective tax rate lower than nurses or truck drivers. That makes no sense at all. There has to be real tax reform, and the wealthiest and large corporations will pay when I'm president.

Gov. O'MALLEY: May I point out that under Ronald Reagan's first term, the highest marginal rate was 70%. And in talking to a lot of our neighbors who are in that super wealthy, millionaire and billionaire category, a great numbers of them love their country enough to do more again in order to create more opportunity for America's middle class.

Click for Bernie Sanders on other issues.   Source: 2015 CBS Democratic primary debate in Iowa

Martin O`Malley on Tax Reform : Nov 14, 2015
Wealthiest should pay more but not as much as under Reagan

Q [to Sen. Sanders]: Let's get specific. How high would you go on tax rates? You have said before you would go above 50%.

SANDERS: We haven't come up with an exact number yet, but it will not be as high as the number under Dwight D. Eisenhower, which was 90%. I'm not that much of a socialist compared to Eisenhower. But we are going to end the absurdity, as Warren Buffet often reminds us, that billionaires pay an effective tax rate lower than nurses or truck drivers. That makes no sense at all. There has to be real tax reform, and the wealthiest and large corporations will pay when I'm president.

O'MALLEY: May I point out that under Ronald Reagan's first term, the highest marginal rate was 70%. And in talking to a lot of our neighbors who are in that super wealthy, millionaire and billionaire category, a great numbers of them love their country enough to do more again in order to create more opportunity for America's middle class.

Click for Martin O`Malley on other issues.   Source: 2015 CBS Democratic primary debate in Iowa

Bobby Jindal on Corporations : Nov 10, 2015
We all want to get rid of death tax & reduce power of IRS

I want to get rid of the corporate tax. Make the CEOs pay the same rates as everybody else. Get rid of all the corporate welfare as well. I think you will find a lot of agreement among Republicans. We all want to get rid of the death tax, the marriage penalty. We all want lower, fewer brackets. We want to downsize, take away power from the IRS. What we really need to be talking about is these last seven years, we've had more government spending, more government dependence.
Click for Bobby Jindal on other issues.   Source: Fox Business/WSJ Second Tier debate

Ted Cruz on Social Security : Nov 10, 2015
Eliminate payroll tax entirely. and IRS entirely

Q: What about the payroll tax for Social Security?

Sen. Rand PAUL: My tax plan is it gets rid of the payroll tax. Ours is 14.5 percent for corporations, 14.5 percent for individuals. No payroll tax for the employee. The business tax pays for social security, and there would be two remaining deductions--home mortgage and charity.

Sen. CRUZ: My plan eliminates the payroll tax, eliminates the death tax, eliminates the corporate income tax, and it abolishes the IRS. It costs less than every other plan people have put up here, and yet it produces more growth.

Click for Ted Cruz on other issues.   Source: Fox Business/WSJ Second Tier debate

John Kasich on Tax Reform : Oct 28, 2015
No taxes on small business; kill the death tax

In our state, we went from a loss of 350,000 jobs to now a gain of 347,000 jobs to the positive. Our wages are growing faster than the national average, and I've cut taxes more than any sitting governor in this state, 5 billion dollars, including no taxes on small business and killing the death tax.
Click for John Kasich on other issues.   Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate

Ted Cruz on Tax Reform : Oct 28, 2015
Eliminate payroll tax, death tax, business tax, and IRS

PAUL [to Cruz and others]: Much of the discussion is centered over whether or not the different tax plans help the middle class. Mine is unique in the sense that my tax plan actually gets rid of the payroll tax as well. It shifts it to the business, and it would allow middle class people to get a tax cut. If you just cut their income tax, there isn't much income tax to cut. Mine actually cuts the payroll tax, and it would spread the tax cut across all socioeconomic levels.

CRUZ: Rand is exactly right. His plan is a good plan, and I will note that my 10% plan also eliminates the payroll tax; eliminates the death tax; eliminates the business income tax; the 10% flat rate is the lowest personal rate any candidate up here has; and what it would also enable us to do is for every citizen to fill out their taxes on a postcard so we can eliminate the IRS.

Click for Ted Cruz on other issues.   Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate

Bernie Sanders on Tax Reform : Oct 18, 2015
Tax increases may affect more than top 1%

Q: How do you pay for your proposed programs like tuition-free public college?

SANDERS: We have to tax Wall Street speculation. When you see the rich's effective tax rates is lower than the effective tax rates of truck drivers, then the wealthy have got to pay more. We'll end the loophole that allows large corporations to stash their money in the Cayman Islands and avoid paying federal income taxes. We'll raise the estate tax so that billionaires end up paying more in taxes.

Q: Previously, you said that 90% marginal rate is not too high. So how high are you willing to go on that top marginal rate?

SANDERS: We'll come up with that rate but it will be a lot higher than it is right now.

Q: But to pay for all of your programs,

Click for Bernie Sanders on other issues.   Source: ABC This Week 2015 interview by Martha Raddatz

Donald Trump on Tax Reform : Oct 18, 2015
Repeal estate tax; it's double taxation

Q: You would eliminate carried interest, preferential tax treatment for hedge funders. What's the thinking?

TRUMP: Well, the thinking is we have the highest tax rate in the world. We have $2.5 trillion overseas that isn't coming back into this country. So what I'm doing is large tax cuts, especially for the middle class.˙We're going to have a dynamic economy.

Q: But there are two concerns. The Conservative Tax Foundation, says that over 10 years, you would add $10 trillion to the deficit. And there's also the question of who would benefit under your tax plan. The Foundation says the middle class would see after tax income increase 7.2%. The top 1% would see a spike of 21.6%. So between that and ending the estate tax, the Trump family and folks like you would make out great.

TRUMP: The estate tax has been a disaster; it's double taxation.

Click for Donald Trump on other issues.   Source: Fox News Sunday 2015 Coverage of 2016 presidential hopefuls

Donald Trump on Tax Reform : Oct 4, 2015
Estate tax is unfair double taxation

Q: Under your tax plan, your family would make potentially hundreds of millions of dollars by eliminating the estate tax.

TRUMP: The estate tax is a horrible weapon that has destroyed many families. In particular, farms and things where they make an income and they have a certain value and they have to go out and borrow money and they put mortgages on their farm. Let's say it's a business that's not very liquid, and people have to go out and borrow against the business, you are having travesty. And the other thing is, it's a double taxation. The tax has already been paid. I mean you've been hearing this argument for many years.

Click for Donald Trump on other issues.   Source: ABC This Week 2015 interview by Martha Raddatz

Bernie Sanders on Corporations : Sep 5, 2015
Fix estate tax so mega-rich pay their fair share

Currently the super-rich and the largest corporations in America don't pay their fair share of taxes, which means there's not enough funding for programs that will alleviate systemic inequalities. The tax code needs to be reformed to enable us to break out of this vicious cycle and enable more people to have economic opportunities and build a more equitable economy. Bernie says, "If you have seen a massive transfer of wealth from the middle class to the top 1/10 of 1%, you know what, we've got to transfer that back if we're going to have a vibrant middle class. And you do that in a lot of ways. Certainly one way is tax policy."
    How would that tax policy work? Bernie has many ideas, but here are some major planks of his plan for more equitable taxation:
  1. Progressive income taxes on the richest Americans.
  2. Fixing the estate tax so mega-rich families pay their fair share.
  3. Taxing corporations more fairly, including addressing tax havens.
  4. Taxing Wall Street speculation.
Click for Bernie Sanders on other issues.   Source: 2016 grassroots campaign website FeelTheBern.org, "Issues"

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Bernie Sanders on Tax Reform : Sep 5, 2015
Lower cutoff for estate tax from $5.4M to $3.5M

Q: What does Bernie think is wrong with the estate tax?

A: While for many years this tax unfairly affected middle-class farms, it has been significantly changed to only affect large estates, worth over several millions of dollars. The rate has been lowered and the cap raised to such an extent that it has amounted to a huge tax break for the super-rich.

Q: So what is Bernie's answer to reforming the estate tax?

A: Bernie has proposed lowering the bar on estate taxes so that individuals who own estates worth more than $3.5 million and couples who own estates worth more than $7 million will be taxed (at the moment the bar is set at $5.4 million and $11 million). This bill also increases the amount of tax on these estates, and closes loopholes used to avoid paying these taxes.

Q: Shouldn't people be able to pass on money to their children?

A: They should--but even with Bernie's proposed new estate tax, 99.75% of Americans would not pay any more in estate taxes than they do today.

Click for Bernie Sanders on other issues.   Source: 2016 grassroots campaign website FeelTheBern.org, "Issues"

Jill Stein on Tax Reform : Jul 6, 2015
Increase inheritance taxes; use it as "Aristocracy Tax"

OnTheIssues: What do you think of the estate tax, or the "death tax" as the Republican call it?

Stein: I'd call it the "Aristocracy Tax." We instituted an estate tax so we would not have massive inherited wealth so we would not have an aristocracy like we left behind in Europe. Now wealth disparities are greater than ever in history--we have more than an aristocracy going on. An aristocracy tax is only part of it--a couple can pass on $11 million in wealth before it's taxed--that's pretty outrageous--and it got codified under Obama--he made permanent the Bush tax cut on that aspect. We need to massively reduce the inheritance gift--the aristocracy gift--and broader tax reform so we don't have such massive accumulation of wealth in the first place. We need to restore the inheritance tax and it should be progressive at higher levels of inheritance.

Click for Jill Stein on other issues.   Source: Phone interview on presidential race with OnTheIssues.org

Bernie Sanders on Tax Reform : Jun 25, 2015
Increase estate tax rates on inheritances over $3.5M

Sanders introduced legislation to increase estate tax rates on the top 3/10 of 1% of Americans. "The fairest way to reduce wealth inequality is to enact a progressive estate tax on multi-millionaires," Sanders said. Only the very wealthiest millionaires would be effected by the Sanders plan; 99.75% of Americans would not pay a penny more in estate taxes. Sanders' bill does the following:
Click for Bernie Sanders on other issues.   Source: The Essential Bernie Sanders, by Jonathan Tasini, p. 41-3

John Kasich on Tax Reform : Mar 7, 2015
Eliminated the Ohio estate tax but hiked cigarette taxes

Kasich remains the deeply conservative politician he has always been: the government-slashing deficit obsessive who drove Democrats bonkers as chairman of the House Budget Committee in the 1990s. As Ohio's chief executive, Kasich has eliminated the estate tax, cut income-tax rates, tightened food-stamp requirements, cut school funding, and championed business deregulation.

In so many ways, then, Kasich is the stuff of conservative dreams. But the governor is also prone to jabbing his finger in the eye of his base with moves like raising infrastructure spending, increasing tax breaks for low-income residents, championing a fracking tax on oil and gas producers, pushing to hike cigarette taxes, making education funding more redistributive, or commuting death sentences. And of course there's the granddaddy of betrayals: Medicaid expansion, which Kasich rammed through over opposition from Ohio's Republican-controlled Legislature.

Click for John Kasich on other issues.   Source: National Journal 2015 coverage of 2016 presidential hopefuls

Mike Pence on Corporations : Jun 24, 2014
Reduce corporate tax rate to one of the lowest in country

We have provided more than $600 million in annual tax relief. To help our families, we eliminated the death tax and lowered individual income taxes by 5 percent. To help our businesses, we reduced the corporate tax rate and the financial institutions tax rate, which will result in one of the lowest corporate tax rates in the country. And to help our cities and towns, we gave local communities more options to lower business personal property taxes.

With these improvements, Indiana will become the lowest tax state in the Midwest. Because of our efforts, both during my administration and that of my predecessor, Indiana's tax system now ranks as the tenth best in the nation , according to the nonpartisan Tax Foundation . We have taken many good steps together. Now we must make a giant leap -- to simplify and streamline Indiana's tax code so that it becomes the best in the country.

Click for Mike Pence on other issues.   Source: Speech at Tax Competitiveness and Simplification Conference

Paul Ryan on Tax Reform : Aug 11, 2012
Eliminate double taxes like the death tax and AMT

I have been a fierce advocate on behalf of the taxpayer in Congress. Washington doesn't have a revenue problem--it has a spending problem. Unfortunately, many in Congress don't share this viewpoint.

I have advanced reforms to a tax code that is too complicated, too burdensome and puts American-made products at a competitive disadvantage to foreign competitors. For individuals, I have proposed a flatter, simpler system for taxpayers to pay their income taxes. You would be able to choose to pay your taxes using the current code--with all of its deductions, credits, and so on--or under the simplified tax option with just two low rates and with a tax form that would fit on a postcard. I believe that we should not double and triple-tax Americans--have sought to eliminate the death tax, the Alternative Minimum Tax, along with taxes on savings.

Click for Paul Ryan on other issues.   Source: 2012 House campaign website, ryanforcongress.com, "Issues"

Barack Obama on Tax Reform : Jan 24, 2012
Buffett rule: millionaires pay minimum of 30% in taxes

When it comes to the deficit, we've already agreed to more than $2 trillion in cuts and savings. But we need to do more, and that means making choices. Right now, we're poised to spend nearly $1 trillion more on what was supposed to be a temporary tax break for the wealthiest 2% of Americans. Right now, because of loopholes and shelters in the tax code, a quarter of all millionaires pay lower tax rates than millions of middle-class households. Right now, Warren Buffett pays a lower tax rate than his secretary.

Do we want to keep these tax cuts for the wealthiest Americans? Or do we want to keep our investments in everything else? Because if we're serious about paying down our debt, we can't do both.

Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30% in taxes, and you shouldn't get special tax subsidies or deductions. On the other hand, if you make under $250,000 a year, like 98% of American families, your taxes shouldn't go up.

Click for Barack Obama on other issues.   Source: 2012 State of the Union speech

Rick Santorum on Budget & Economy : Jan 8, 2012
Newt Gingrich's economic stances compared to Santorum's

Do Santorum & Gingrich agree on Freddie and Fannie? (No, Santorum supports low-income mortgages and Gingrich would abolish the whole program). How do Santorum & Gingrich differ on the Death Tax? (They both would limit the estate tax, but with different justifications). We cite details from Santorum's books and speeches, and Gingrich's, so you can compare them, side-by-side, on issues like these:

Rick Santorum vs. Newt Gingrich on Economic Issues

Click for Rick Santorum on other issues.   Source: Paperback: Santorum vs. Gingrich On The Issues

Donald Trump on Free Trade : Dec 5, 2011
20% tax on all imported goods

If we want jobs in America, we need to enact my 5-part tax policy: kill the death tax; lower the tax rates on capital gains & dividends; eliminate corporate taxes in order to create more American jobs; mandate a 15% tax for outsourcing jobs and a 20% tax for importing goods, and enact the 1-5-10-15 income tax plan [four brackets with a top rate of 15%].

Government needs to stop pick-pocketing your wallet. Every time it does, it slows growth and kills jobs. It's also immoral.

Click for Donald Trump on other issues.   Source: Time to Get Tough, by Donald Trump, p. 65

Donald Trump on Tax Reform : Dec 5, 2011
4 brackets; 1-5-10-15%; kill death tax & corporate tax

My 5-part tax plan involves reforming the income tax. The government confiscates way too much of your paycheck. The tax code is also a very complicated system that forces Americans to waste 6.1 billion hours a year trying to figure it out.

What does that tell you? It tells me that it's time we restore simplicity & sanity to the income tax. Here's my income tax plan:

It's clear and fair. Best of all, it can be filled out on the back of a postcard and will save Americans big bucks on accountants and massive amounts of time wasted attempting to decipher the tax code.

Our country is hungry for real tax reform. That's why we should implement the 1-5-10-15 income tax plan. And we need to enact [the rest of] my 5-part tax policy: kill the death tax; lower the tax on capital gains & dividends; eliminate corporate taxes; and a 20% import tax.

Click for Donald Trump on other issues.   Source: Time to Get Tough, by Donald Trump, p. 64-65

Mitt Romney on Budget & Economy : Sep 22, 2011
Obama economy hurt middle class the most, so help them first

CAIN: [to Romney] : My 9-9-9 plan starts with throwing out the current tax code and pass 9% business flat tax, 9% personal income tax, and the 9% national sales tax. It eliminates or replaces the corporate income tax, personal income tax, capital gains tax as well as the estate tax. And unlike Gov. Romney's plan my plan throws out the old one. He's still hooked to the current tax code. That dog won't hunt.

ROMNEY: My intent is to help the people who have been most hurt by President Obama's economy. And the people who have been most hurt are the middle income families of America. And that's why my plan says that if middle income families want to save their money, anybody earning under $200,000 and not pay any taxes on interest, dividends or capital gains, zero tax on their savings, that's the plan I'm for. And I will get that done in my first year.

Click for Mitt Romney on other issues.   Source: 2011 GOP Google debate in Orlando FL

Barack Obama on Tax Reform : Sep 8, 2011
We need a tax code where everybody pays their fair share

I'm well aware that there are many Republicans who don't believe we should raise taxes on those who are most fortunate and can best afford it. But here is what every American knows. While most people in this country struggle to make ends meet, a few of the most affluent citizens and corporations enjoy tax breaks and loopholes that nobody else gets. Right now, Warren Buffet pays a lower tax rate than his secretary--an outrage he has asked us to fix. We need a tax code where everyone gets a fair shake, and everybody pays their fair share.

I'll also offer ideas to reform a corporate tax code that stands as a monument to special interest influence in Washington. By eliminating pages of loopholes and deductions, we can lower one of the highest corporate tax rates in the world. Our tax code shouldn't give an advantage to companies that can afford the best-connected lobbyists. It should give an advantage to companies that invest and create jobs here in America.

Click for Barack Obama on other issues.   Source: Pres. Obama's 2011 Jobs Speech

Newt Gingrich on Jobs : Jul 21, 2011
Jobs & Prosperity Plan: cut business taxes & regulations

Q: Can a president create jobs without expanding the role of the federal government?

A: My Jobs and Prosperity Plan: No tax increase, 100% expensing, reduce business tax to 12.5%, eliminate cap gains & death tax; audit & reform the Federal Reserve; repeal Dodd-Frank, Sarbanes Oxley, Community Reinvestment Act; break up Freddie and Fannie; Repeal & replace Obamacare and fully develop American energy. These would all create jobs by REDUCING government.

Click for Newt Gingrich on other issues.   Source: 2011 Republican primary debate on Twitter.com

Gary Johnson on Corporations : Jun 15, 2011
Eliminate corporate income tax as real way to create jobs

Q: Why are you running for president?

A: I'm the only candidate that is talking about a balanced budget in the year 2013 and eliminating a corporate income tax as the real way to create jobs.

Q: Why's that?

A: Everyone else is parsing it in terms of lowering the corporate income tax. Eliminate it. It's not that big of a generator of income, and it's a double tax. Get rid of it and you would have an explosion of hiring. As a corporation, why wouldn't you base your business in the United States--and the jobs that went along with that--with no corporate tax? The advantage to not taxing corporations would be an advantage to all of us.

Q: But the biggest advantage would go to the best off. It would be much cheaper for corporations to pay out to shareholders.

A: Exactly. That income would get distributed to shareholders, at which point it would get taxed.

Click for Gary Johnson on other issues.   Source: Tim Dickinson in Rolling Stone Magazine

Newt Gingrich on Tax Reform : Jun 13, 2011
Death tax is a direct assault on civil society

Expansive government rapidly becomes expensive government, and that requires new and higher taxes. The transfer of money from citizens to the bureaucracy then further weakens civil society & leads to even more expensive & even more expensive government. That effort to finance Big Government through higher taxes is a direct assault on civil society, and the "death tax" is a prime example. This tax, which is in a constant state of flux and was resurrected in 2001 after effectively disappearing in 2010, falls especially hard on small business. That sector contributes immensely to America's social and economic dynamism, often acting as the cornerstone of community organizations and local philanthropy. Entrepreneurs and shopkeepers are community leaders and, when prosperous, are generous with their time and money. Prosperity and generosity are highly correlated, as those with more to give feel obliged to give more.
Click for Newt Gingrich on other issues.   Source: A Nation Like No Other, by Newt Gingrich, p.129-130

Gary Johnson on Jobs : May 5, 2011
Long unemployment benefits postpones dealing with problem

Q: The nation's unemployment rate is 8.8%. Among your proposals for getting the private sector to start hiring are eliminating corporate income tax, doing away with the Federal minimum wage law and to stop extending unemployment benefits, isn't that just a windfall for big business?

JOHNSON: Well absolutely not, I think that repealing or doing away with the corporate income tax is simply getting us back to where we were and we need to understand that the corporate income tax is a double tax. And with regard to unemployment benefits, I'm in the camp that believes that we as individuals, we need a bit of help, so government helps out but at the point at which it runs out, that's when we really deal with the problems that we have as individuals. That's when we deal with those problems. So does government actually perhaps make the problem worse, as opposed to better, by having a finite amount of time that you would receive unemployment benefits?

Click for Gary Johnson on other issues.   Source: 2011 GOP primary debate in South Carolina

Newt Gingrich on Health Care : Feb 11, 2011
Repeal ObamaCare; sign tort reform instead

    President Obama could be bipartisan. There are seven steps to the center for Obama.
  1. Sign the repeal of ObamaCare. 58% of the American people, in the most recent poll, favor repeal of ObamaCare.
  2. Sign Tort reform for doctors. He said the other night he would like to do it, let's let him do it.
  3. Sign the permanent repeal of the death tax.
  4. Sign a new Hyde Amendment, so no tax payer money funds abortion in the United States.
  5. Sign a new Conservative Budget Act, to control spending and move to a balanced budget.
  6. Sign a law to decisively control the border now.
  7. Sign a tenth amendment implementation act returning power from Washington to the states and to the people thereof. And that act should include--to prove how real it is-- block-granting Medicaid so that states can control the cost and improve the quality without interference from Washington bureaucrats.
Now, I hope you'd agree with me that a President Obama that did those seven things would have come to the center.
Click for Newt Gingrich on other issues.   Source: Speech at 2011 Conservative Political Action Conference

Marco Rubio on Tax Reform : Feb 20, 2010
Capital gains tax is double taxation

Jobs aren't created by politicians. They're created by people who are willing to use their money to start a business or expand an existing one and what they're looking for are clear signs from Washington that Washington is serious about pro-growth policies, about controlling spending, and about ending the practice of monetizing our budget shortfalls so here are a few measures that I think will help change or send that signal. Let's reform the tax code and reduce tax rates across the board. Let's eliminate double taxation by abolishing the taxes on capital gains, on dividends, on interest and while we're at it let's eliminate the one on death too. Let's significantly lower the corporate tax rate so once again it's competitive with the rest of the world. And finally let's undertake serious measures that show that we are serious about getting control of our federal national debt.
Click for Marco Rubio on other issues.   Source: Speech to 2010 Conservative Political Action Conference

Marco Rubio on Corporations : Feb 3, 2010
Eliminate taxes on capital gains; lower corporate tax rates

I will support efforts to reduce the tax burden on American workers, entrepreneurs and businesses. This includes: eliminating the Death Tax; eliminating taxes on capital gains, dividends and interest, thereby encouraging greater savings and investment; and making America the most attractive place to do business by lowering corporate tax rates.
Click for Marco Rubio on other issues.   Source: 2010 Senate campaign website, www.marcorubio.com, "Issues"

Sarah Palin on Tax Reform : Nov 17, 2009
To end recession: slay the death tax and cut capital gains

Our nation is facing great challenges, but I'm optimistic--ad I know there is a way forward.

Ronald Reagan faced an even worse recession. He showed us how to get out of one. If you want real job growth, cut capital gains taxes and slay the death tax once and for all. And if we really want to help the poor and middle class get through this recession, how about cutting their payroll taxes? Giving people control over more of the money they've earned: now that's real stimulus. Get federal spending under control, and then set aside and watch this economy roar back to life.

The way forward is full of promise. But it takes more courage for a politician to step back and let the free market correct itself than it does to push through quick fixes. Reagan showed courage when he stayed the course through the long recession of the early 1980s. Critics even in his own party told him to abandon his tax cuts. He was confident they would work. And they did.

Click for Sarah Palin on other issues.   Source: Going Rogue, by Sarah Palin, p.391-392

Sarah Palin on Tax Reform : Nov 13, 2009
FactCheck: No, Reagan didn't end 1980s recession by tax cuts

PALIN: Says Ronald Reagan faced an even worse recession than the one that appears to be ending now, and "showed us how to get out of one. If you want real job growth, cut capital gains taxes and slay the death tax once and for all."

THE FACTS: The estate tax, which some call the death tax, was not repealed under Reagan and capital gains taxes are lower now than when Reagan was president.

Economists overwhelmingly say the current recession is far worse. The recession Reagan faced lasted for 16 months; this one is in its 23rd month. The recession of the early 1980s did not have a financial meltdown. Unemployment peaked at 10.8 percent, worse than the October 2009 high of 10.2 percent, but the jobless rate is still expected to climb.

Click for Sarah Palin on other issues.   Source: AP Fact Check about "Going Rogue", in NY Times

Paul Ryan on Tax Reform : Jul 4, 2009
Road Map: simplified two-level flat tax

The Road Map plan simplifies both the personal & corporate tax code. As individuals, we could choose between the current tax code and a simplified two-level flat tax. The simplified plan would tax the first $50,000 of individual income at 10%. All income above $50,000 would be taxed at 25%. There are no taxes on interest, capital gains, dividends, no AMT, and no "death taxes."

The new, simplified tax code eliminates nearly all existing tax deductions and exclusions, but it allows generous standard deductions and personal exemptions. Individuals receive a $12,500 deduction. Personal exemptions allow $3,500 for each family member. Tax return could be done on a post card.

The Road Map plan would not require major changes in the current income tax system now collected by employers. People who don't like the simplified tax alternative could stay with the current tax system. This gives people a choice, and the total tax revenue to the government would be the same. Who could complain about that?

Click for Paul Ryan on other issues.   Source: Saving Freedom, by Jim DeMint, p.243-244

Tim Kaine on Tax Reform : Jan 14, 2009
Replace income tax for low-income with cigarette tax

I have previously pledged to you that I would not meet our budget shortfall through a general tax increase. The budget I have proposed is true to that pledge. And, we maintain tax cuts that we have already put in place--elimination of the estate tax, sales tax holidays, and the elimination of all income taxes for nearly 140,000 low-income Virginia workers.

However, I do propose one targeted tax increase. To avoid even deeper cuts that would mean denying health care services to some of our poor, elderly, and disabled, I propose a 30 cent per pack increase in our cigarette tax. This will bring Virginia's tobacco tax up to about half the national average. Virginia's current cigarette excise tax covers less than half the $400 million in Medicaid costs that smoking creates. I believe that the taxes on smoking should more closely match the budget costs that taxpayers incur because of smoking. Under my proposal, fewer of Virginians' tax dollars will be diverted to cover the costs of smoking.

Click for Tim Kaine on other issues.   Source: Virginia 2009 State of the State address

Donald Trump on Welfare & Poverty : Sep 8, 2008
I give a lot of money away to charity

Once you have reached the top, what do you do? Once you have reached the top, it is time to give back. Give to charity, give to your children, give your knowledge to others, and give to your culture. I made a lot of money, and I give a lot of money away to charity.

Warren Buffet is a great example: billionaire investor Warren Buffet is distributing more than $30 billion of his stock to the Bill and Melinda Gates Foundation, which focuses on global health issues.

It is also important to give your knowledge and insight freely to anyone who asks. I believe people absorb more efficiently and faster when they learn by doing, and I am intent on giving people the knowledge they need to succeed. I give two-hour speeches at The Learning Annex Wealth Expos for the same purpose, and I donate a large portion of my speaking fees to charity.

Click for Donald Trump on other issues.   Source: Think Big, by Donald Trump, p.218-9

Sarah Palin on Tax Reform : Sep 3, 2008
Raising taxes hurts small business and hurts jobs

The Democratic nominee for president supports plans to raise income taxes ... raise payroll taxes ... raise investment income taxes ... raise the death tax ... raise business taxes ... and increase the tax burden on the American people by hundreds of billions of dollars.

My sister Heather and her husband have just built a service station that’s now opened for business--like millions of others who run small businesses. How are they going to be any better off if taxes go up?

Or maybe you’re trying to keep your job at a plant in Michigan or Ohio ... or create jobs with clean coal from Pennsylvania or West Virginia ... or keep a small farm in the family right here in Minnesota. How are you going to be better off if our opponent adds a massive tax burden to the American economy?

Click for Sarah Palin on other issues.   Source: Speech at 2008 Republican National Convention

Barack Obama on Tax Reform : Oct 30, 2007
Trillion dollar giveaway: the Paris Hilton Tax Break

Obama said, “Domestically, our national debt and budget constrain us in ways that are going to be very far-reaching. And I think whoever is elected in 2008 is going to be cleaning up the fiscal mess that was created as a consequence of the president’s tax cuts.” Obama opposed repealing the estate tax: “Let’s call this trillion dollar giveaway what it is--the Paris Hilton Tax Break. It’s about giving billions of dollars to billionaire heirs and heiresses as a time when American taxpayers just can’t afford it.“ Obama has proposed to ”reverse some of those tax cuts that went to the wealthiest Americans.“ As Obama put it, ”It’s not as if rich people were suffering under Bill Clinton.“
Click for Barack Obama on other issues.   Source: The Improbable Quest, by John K. Wilson, p.155

Hillary Clinton on Tax Reform : Oct 30, 2007
Freeze estate tax at 2009 level of $7 million per couple

I’m in favor of doing something about the AMT. How we do it and how we put the package together everybody knows is extremely complicated. I want to get to a fair & progressive tax system. The AMT has to be part of what we try to change when I’m president There are a lot of moving pieces here. There are kinds of issues we’re going to deal with as the tax cuts expire. I want to freeze the estate tax at the 2009 level of $7 million for a couple. I’m not going to get committed to a specific approach.
Click for Hillary Clinton on other issues.   Source: 2007 Democratic debate at Drexel University

Mitt Romney on Tax Reform : Aug 31, 2007
Death tax just doesn’t make sense

Click for Mitt Romney on other issues.   Source: The Man, His Values, & His Vision, p.115

Mike Huckabee on Tax Reform : Aug 5, 2007
Tax system penalizes productivity; needs complete overhaul

Q: The FairTax would eliminate the income tax, estate tax, payroll tax and capital gains tax and replace it with a 23% sales tax. Do you support it?

A: I absolutely support the FairTax. And part of the reason is, the current system is one that penalizes productivity. If we could have the FairTax, you take $10 trillion parked offshore, bring it home, you rebuild the “Made in America” brand, you free up people to earn money, to work, you don’t penalize them for taking a second job, you don’t penalize them for investing, you don’t penalize them for savings.

Today, our tax system doesn’t need a tap of the hammer, a twist of the screwdriver, it needs a complete overhaul. And what the FairTax does, it ends the underground economy. No more illegals, no more gamblers, prostitutes, pimps and dope dealers will be able to escape the tax code. It’s the single great thing that will help this country [achieve a] revitalized economy.

Click for Mike Huckabee on other issues.   Source: 2007 GOP Iowa Straw Poll debate

Mitt Romney on Tax Reform : Aug 5, 2007
Commission studied FairTax and found serious flaws

Q: The FairTax would eliminate the income tax, estate tax, payroll tax and capital gains tax and replace it with a 23% sales tax. Do you support it?

A: It’s good, but it’s not that good. There are a lot of features that are very attractive about a FairTax. Getting rid of the IRS is something we’d all love. But the truth is, we’re going to have to pay taxes. Completely throwing out our tax system and coming up with an entirely new one is something we have to do very, very carefully. The president’s commission on tax reform looked at this and said: Not a good idea. Some of the reasons are the FairTax, for instance, charges a 23% tax, plus state sales tax, on a new home, when you purchase a new home. But if you buy an old home, there’s no tax. Think what that might do to the construction industry. We need to thoroughly take it apart before we make a change of that nature. That’s why my view is, get rid of the tax on savings and let middle-income people save their money tax-free

Click for Mitt Romney on other issues.   Source: 2007 GOP Iowa Straw Poll debate

Tim Kaine on Tax Reform : Jul 4, 2007
As governor, Kaine signed death tax repeal on big estates

As of Sunday, the tax on larger estates in Virginia was repealed. The repeal legislation was passed by the General Assembly last year but did not take effect until July 1 this year. The estate tax repeal will have a big fiscal impact -- an estimated $250 million over two years. Running for governor in 2005, Kaine promised to try to repeal the tax. The General Assembly, meeting in a special session to consider transportation taxes, approved the proposal in August. Kaine signed it into law.
Click for Tim Kaine on other issues.   Source: Richmond.com on 2016 Veepstakes

Tim Kaine on Tax Reform : Jul 4, 2007
Repeal death tax, but raise bottom filing threshold

Rich and poor alike will benefit from changes in Virginia's tax laws. Gov. Kaine symbolically signed into law yesterday a measure that will remove about 140,000 low-income people from the tax rolls by raising the filing threshold. And the tax on larger estates in Virginia was repealed.

The estate tax repeal will have a big fiscal impact--an estimated $250 million over two years. Running for governor in 2005, Kaine promised to try to repeal the tax. The General Assembly, meeting in a special session to consider transportation taxes, approved the proposal in August. Kaine signed it into law.

Small-business supporters and farmers, as well as the wealthy, sought the repeal. About 30 other states had repealed their estate taxes by the beginning of this year, while Virginia's estate tax rate remained at up to 16 percent. Some feared wealthy people would move to other states to avoid Virginia's taxes.

Click for Tim Kaine on other issues.   Source: Richmond Times-Dispatch, "Low-income tax break"

Hillary Clinton on Tax Reform : Jun 28, 2007
Why cut off payroll contribution at $95,000?

Q: Do you agree that the rich aren’t paying their fair share of taxes?

A: Middle-class and working families are paying a much higher percentage of their income. [Billionaires like] Warren Buffett pay about 17%, because don’t forget, it’s the payroll tax plus the income tax. And when you cut off the contribution at $95,000, that’s a lot of money between $95,000 and the $46 million that Warren Buffett made last year. We’ve got to get back to having those with the most contribute to this country.

Click for Hillary Clinton on other issues.   Source: 2007 Democratic Primary Debate at Howard University

Tim Kaine on Tax Reform : Jan 10, 2007
Increase income tax filing threshold from $7,000 to $12,000

Keeping Virginia's tax burden low is another key to the success of families and businesses. In 2006, we eliminated the estate tax, created a sales tax holiday on back-to-school supplies, and passed legislation to give citizens more information about their annual property tax bills. Our overall tax burden is the 6th lowest in the nation. Virginia is, and will remain, a low tax state.

Let's provide meaningful tax relief for hundreds of thousands of Virginians by increasing the filing threshold for state income tax from $7,000 to $12,000 for an individual and from $14,000 to $24,000 for a married couple. With this change, we can eliminate income tax liability for an estimated 147,000 Virginians. And we can save approximately 176,000 more people from the hassle of having taxes deducted from their paychecks, only to file a tax return at year's end to receive a complete refund.

Click for Tim Kaine on other issues.   Source: 2007 State of the State address to Virginia Assembly

Barack Obama on Tax Reform : Oct 1, 2006
Estate tax only affects the wealthiest 1/2 of 1%

We have to stop pretending that all cuts are equivalent or that all tax increases are the same. Ending corporate subsidies is one thing; reducing health-care benefits to poor children is something else. At a time when ordinary families are feeling hit from all sides, the impulse to keep their taxes as low as possible is honorable. What is less honorable is the willingness of the rich to ride this anti-tax sentiment for their own purposes.

Nowhere has this confusion been more evident than in the debate surrounding the proposed repeal of the estate tax. As currently structured, a husband and wife can pass on $4 million without paying any estate tax. In 2009, this figure goes up to $7 million. The tax thus affects only the wealthiest one-third of 1% in 2009. Repealing the estate tax would cost $1 trillion, and it would be hard to find a tax cut that was less responsive to the needs of ordinary Americans or the long-term interests of the country.

Click for Barack Obama on other issues.   Source: The Audacity of Hope, by Barack Obama, p.191-192

Rick Santorum on Tax Reform : Sep 3, 2006
Changing estate tax would cost $100B, not save $730B

Q: How would you get a balanced budget?

CASEY: When it comes to the budget, what’s missing principally is a lack of fiscal responsibility. [We should] repeal the tax cut for people making over $200,000 a year. That change, in addition to an estate tax change, could get you about $730 billion over 10 years.

Q: How does that balance the current budget?

CASEY: You can’t balance a budget in one year. They’ve put us in such a fiscal hole, it will take many years.

Q: Well, give me a couple ideas.

SANTORUM: Changing the estate tax cut would cost money over the long term, not save money. The death tax snaps back to the old death tax in 2011, and it would cost $100 million just to do the changes that he suggested. I’m for not taking more people’s money when they die.

Click for Rick Santorum on other issues.   Source: PA 2006 Senate Debate, Tim Russert moderator (X-ref Casey)

Barack Obama on Social Security : Jan 6, 2006
Raise the cap on the payroll tax on wealthy individuals

What we need to do is to raise the cap on the payroll tax so that wealthy individuals are paying a little bit more into the system, if we are going to deal with this problem specifically. Right now, somebody like Warren Buffet pays a fraction of 1 percent of his income in payroll tax, whereas the majority of the audience here pays payroll tax on 100 percent of their income. I’ve said that was not fair.
Click for Barack Obama on other issues.   Source: 2008 Facebook/WMUR-NH Democratic primary debate

Hillary Clinton on Abortion : Oct 11, 2005
Voted liberal line on partial birth & harm to fetus

Click for Hillary Clinton on other issues.   Source: Condi vs. Hillary, by Dick Morris, p. 85-86

Jeb Bush on Tax Reform : Jun 21, 2001
Supports estate tax repeal, but not at states’ expense

Even as they deal with declining revenue growth from a softening economy, states are scrambling to plan for the potential loss of $50 billion to $100 billion over 10 years from the repeal of the federal estate tax enacted last month. The loss in revenue would come because states for 75 years have tied their own estate and inheritance taxes to the federal estate tax.

Governors are also chafing under a Congressional timetable that calls for the states to lose their tax revenues by 2005 while stretching the repeal of the federal estate tax more gradually over 10 years. Jeb Bush warned about anticipated revenue shortfalls [in Florida], including the expected loss of $210 million from the estate tax in the 2002-03 fiscal year. “While I support the eventual repeal of the estate tax,” Mr. Bush, the president’s brother, wrote, “shifting the burden merely allows Washington to spend more, while requiring us to spend less.”

Click for Jeb Bush on other issues.   Source: Kevin Sack, NY Times

Rick Santorum on Tax Reform : Feb 14, 2001
Death should not be a taxable event

Death should not be a taxable event, but it is. What we are suggesting is that over a 10-year period of time we phase out estate taxes on people who die. I think most Americans would agree that if someone has a piece of property and they die and pass it on to the next generation, when that next generation sells the property, they should be taxed on the capital gains. But if in fact the person dies, it should not be a taxable event on the next generation. The greatest impact of that is on the family farm or small business--they want to pass that business on to the next generation after they die. They have to sell the farm or the business so they can pay the taxes that are due. Whom does that hurt? Obviously, it hurts the businessperson. But how about the people who work for that business, where that business has to go out of business simply to pay taxes or where the business has to be sold simply to pay taxes. So I think what we are talking about here is tax relief for every taxpayer.
Click for Rick Santorum on other issues.   Source: Santorum speech in "A Senator Speaks Out", p. 18-19

John Kasich on Tax Reform : May 17, 1999
Tax credits (100%) for charitable donations

We [should] expand the charity tax credit and reform the estate tax to allow money to be invested in local communities instead of going to the federal government. If we can take our dollars and inject them directly into our local communities, we will breathe new life into our community organizations and give renewed encouragement to those local leaders who work to solve our toughest problems. We should be encouraging people of wealth to invest directly in our communities.
Click for John Kasich on other issues.   Source: Columbus (OH) Urban League Speech, May 17, 1999

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Candidates on Tax Reform:
Incumbents:
Pres.Barack Obama
V.P.Joe Biden
Secy.John Kerry
Secy.Chuck Hagel

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2016 Presidential contenders:
Gov.Jeb Bush(R-FL)
Dr.Ben Carson(T-MD)
Gov.Chris Christie(R-NJ)
Secy.Hillary Clinton(D-NY)
Sen.Ted Cruz(T-TX)
CEO Carly Fiorina(R-CA)
Gov.Bobby Jindal(R-LA)
Gov.Gary Johnson(L-NM)
Gov.Martin O`Malley(D-MD)
Sen.Rand Paul(R-KY)
Gov.Rick Perry(R-TX)
Sen.Marco Rubio(R-FL)
Sen.Bernie Sanders(I-VT)
Sen.Rick Santorum(R-PA)
Jill Stein(G-MA)
Donald Trump(R-NY)
Gov.Scott Walker(R-WI)
Sen.James Webb(D-VA)
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Rep.Michele Bachmann(T-MN)
Mayor Michael Bloomberg(I-NYC)
Mayor Rahm Emanuel(D-IL)
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