Jeanne Shaheen on Tax Reform
Democrat Sr Senator; previously Governor
Bipartisan effort to correct error in tax code
Shaheen worked with a bipartisan group to introduce the Restoring Investments in Improvements Act. The Tax Cuts and Jobs Act made changes to the tax code, allowing businesses to write off costs associated with improving facilities. A drafting error
required leaseholders to write those expenses off over 40 years. "The tax law was written in secret and rushed through Congress by Republicans, so this mistake was overlooked. I'm glad to join this bipartisan bill and right this wrong," said Shaheen.
Source: Senate press release on shaheen.senate.gov for 2020
, Mar 18, 2019
Support middle class tax cuts to help working families
For the past seven years, wages have remained stagnant while the price of everything else has gone through the roof. As New Hampshire families fall further and further behind, Washington offers more of the same: more tax cuts for the wealthy few, more
tax subsidies to oil and gas companies who are making record profits, and more debt and deficits. Shaheen will support middle class tax cuts to help working families get ahead and she’ll say “no” to Washington’s runaway spending and misplaced priorities.
Source: 2008 Senate campaign website, jeanneshaheen.org, “Issues”
, Jul 12, 2008
No national sales tax or VAT.
Shaheen adopted the National Governors Association policy:
State tax policy is closely linked to federal policy. 36 states currently use either federal income or federal tax liability as the state tax base for personal income taxes. It is critical that Congress and the administration do not enact tax reform in a vacuum, but in consultation and in partnership with the nation’s Governors.
Source: NGA Executive Committee Policy Statement EC-9 00-NGA1 on Feb 15, 2000
- National Sales or Value-Added Tax The nation’s Governors oppose a national sales or transactional value-added tax. Such taxes would intrude into a tax area that has traditionally been reserved for and relied on by state and local governments. If enacted, either of these taxes would seriously threaten the ability of state and local governments to maintain their tax base.
- Current Income Tax If Congress decides to reform the current tax system, they should reduce the complexity of current income taxes; increase incentives to work, save, and invest; and increase efficiency and fairness. As part of any reform of the
current income tax, the nation’s Governors would oppose any modification to the deductibility of state income taxes, property taxes, and the interest on state and local bonds.
- Transition If major tax reform is enacted, it should not be implemented for at least three years, to give states ample time to adjust their own tax systems.
- Information Needs of the StatesThe ability of states to tax various revenue sources depends to a large extent on information that only the federal government can collect. This is becoming much more important given the complexity of both the international and domestic economies in tracing where goods and income are generated. It is critical that the federal government separate tax reform per se from the information that is collected from individuals, businesses, and corporations with respect to income generated. The data collection role of the federal government must be developed in partnership with state and local governments.
Let states independently determine estate taxes.
Shaheen adopted a letter to Congressional leaders from 37 Governors:
We are writing to request equal treatment between states and the federal government on estate tax changes. Regardless of one’s view about phasing out the federal estate tax, the Governors are absolutely united in opposing any action that would discriminate against states in the phase-out of the state and federal estate taxes. This issue needs to be addressed before the Senate goes to conference with the House.
Governors believe that the ability of states to independently determine their own tax revenue policy is a basic tenet of federalism. Moreover, no federal tax bill should be enacted without close consultation with the states.
At the very least, there must be equity in the treatment of the state death tax credit in the tax bill the Congress considers with the proposed phase-out of the federal estate tax. Governors oppose provisions that impose disproportionate impacts on state revenue systems. The changes proposed by the Senate would have abrupt, significant adverse impacts on state revenues at a particularly onerous time for many states. The potential impact on states would begin next year and have a potential impact of between $50 and $100 billion over the next ten years.
We urge the leaders to respect those rights and to restore fairness.
Source: National Governor's Association letter to Congress 01-NGA19 on May 23, 2001
Other candidates on Tax Reform:
Jeanne Shaheen on other issues:
Colin Van Ostern
Senate races 2019-20:
Senate Votes (analysis)
Senate Office SH-520, Washington, DC 20510
Page last updated: Jul 13, 2020