Thursday, November 19, 2015

O'Malley onTaxes

O’Malley’s progressive views on taxes and debt-free college education.

In the Democratic presidential debate on November 14, 2015, hosted by CBS News, Martin O'Malley, the former governor of Maryland, endorsed the idea presented in this blog on May 15, 2015, that

“For individuals, all income wherever in the world it is earned whether it is wages or non-wage income should be taxed at the same progressive or graduated rates.”

O’Malley said:

“I believe that we paid for many of the things that we need to do again as a nation, investing in the skills of our people, our infrastructure and research and development and also climate change-- by the elimination of one big entitlement that we can no longer afford as a people. And that is the entitlement that many of our super wealthiest citizens feel they are entitled to pay, namely a much lower income tax rate and a lower tax rate on capital gains. I believe capital gains for the most part should be taxed the same way we tax incomes from hard work, sweat . . . . And if we do those things we can be-- a country that actually can afford debt-free college again.”

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