The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.
Bloomberg BNA recently posed a series of tax-centric questions to the Republican and Democrat candidates for governor in Delaware. Below are the responses from Democrat candidate John Carney.
Interview by Leslie Pappas
Since 2011, John Carney has served as Delaware’s lone member of the U.S. House of Representatives. Prior to his time in Congress, John served two terms as Delaware’s Lt. Governor. John also served as Chairman of the Delaware Healthcare Commission, the Criminal Justice Council, and the Delaware Science & Technology Council. Under then-Governor Tom Carper, John served as Delaware’s Secretary of Finance and Deputy Chief of Staff. Before that, he was Deputy Chief Administrative Officer for New Castle County, and on the staff of then-Senator Joe Biden. John currently lives in Wilmington with his wife Tracey. They have two sons, Sam and Jimmy.
Editor's Note: Carney provided a single, consolidated answer to five questions that sought his opinion about priorities on state and local tax issues, hurdles in enacting his tax policy priorities, challenges in the tax and revenue realm facing the state in light of market conditions and whether the state’s tax regime is properly balanced.
One of the most difficult challenges facing our next governor will be balancing the state's budget. With some of our revenue in decline and the cost of government continuing to grow, I believe it's time to take a fresh look at state spending and how we pay for government, particularly in light of the $300 million projected state budget deficit.
Increased spending in areas like health care are outpacing our ability to afford it, and crowding out other priorities like improving education and creating jobs. We need a “reset” that takes a hard look at spending and revenue. If Delaware state government is going to continue to offer the services it provides to a growing population, and expand in areas where it's weak, it will need to be more efficient and better able to eliminate unnecessary spending. A sustained focus on efficiency needs to be a permanent fixture of state government and embraced at the highest levels of all three branches. And, if we need to raise more revenue, we need an approach that promotes a growing economy, that's fair to all taxpayers, and that minimizes the burdens on those least able to pay.
As governor, I would work with business and other community leaders to get our budget back on track without sacrificing the quality services that so many Delawareans depend on.
To contact the reporter on this story: Leslie Pappas in Philadelphia at firstname.lastname@example.org
To contact the editor responsible for this story: Ryan C. Tuck at email@example.com
Copyright © 2016 Tax Management Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)