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TexasTowelie

(112,252 posts)
Mon Jun 19, 2017, 09:54 AM Jun 2017

Delaware Democrats push higher income tax bracket

Democratic leaders in the General Assembly have released a blueprint for raising Delawareans' personal income taxes, including a new, higher top tax bracket that would charge the wealthiest residents more.

They say raising the income tax is key to fixing the state's $400 million budget deficit because that tax will grow with the economy, so legislators won't have to keep "kicking the can down the road."

"PIT (personal income tax) is the one that's going to be structural, that we're not going to have to keep revisiting every year," said House Majority Leader Valerie Longhurst, D-Bear, prime sponsor of the bill.

Longhurst said she is willing to change some of the details of the bill if it will help get the votes necessary to pass.

Read more: http://www.delawareonline.com/story/news/politics/2017/06/14/democrats-income-taxes/395877001/

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