Bill to increase taxes for higher wage earners in DE

WMDT | by Jordie Clark State lawmakers are considering a bill that would create new tax bracket, which would raise taxes for the state’s highest earners. House Bill 64 proposes creating new tax brackets for those at $125,000, with a rate of 7.10%; at $250,000, with a rate of 7.85%; and at $500,000, with a rate of 8.6%. We are told, those in favor of this say it couldn’t come at a better time, but those against it, feel the exact opposite. “Those that are making, or earning quite a […]

Delaware’s Corporate Blockade

Delaware Call | by Jordan Howell What do we really know about the Delaware Division of Corporations, other than it is a one billion dollar revenue machine that manages the incorporation process in a state that is commonly referred to as the most secretive tax haven in the world? As it turns out, not very much. The Delaware Call’s months-long investigation has revealed that the Division of Corporations, a public agency within the Delaware Department of State, operates as a fortress designed to shield from scrutiny both its internal operations […]

We cannot — and should never — forget Jan. 6

The News Journal | Opinion | by Rep. John Kowalko I would like to share the remarks I made to the Delaware House of Representatives on Jan. 28 regarding the passage of HR5 condemning the violence in Washington on Jan. 6: “First let me thank all of my colleagues who supported the resolution condemning the assault on the U.S. Capitol and committing to a peaceful and respectful discourse in the conducting of public business. “The tragic events in Washington on Jan. 6 cannot and should not ever be forgotten. A […]

Will Delaware Dissolve Trump Corporations?

Delaware Call | by Jordan Howell For the band of Trumpian misfits and goons who threatened and stormed the Capitol on January 6, resulting in the deaths of 5 people, the fallout unfolds by the hour. Following the insurrection at the Capitol, social media companies suspended the accounts of President Trump and his associates. Twitter deleted over 70,000 accounts that spread QAnon propaganda. Police identified rioters and arrested them. Many who took selfies and videos of their attack on democracy have lost their jobs. New York City canceled all contracts […]

Some Delaware lawmakers want to raise taxes for those earning $125K or more. What to know.

The News Journal | by Sarah Gamard Progressive Democratic lawmakers want to raise taxes for people making six figures, hailing it as a step toward a fairer, more stable tax structure despite Gov. John Carney’s resistance to tax increases. House Bill 64 by Rep. John Kowalko, D-Newark South, would raise personal income taxes for people who make more than $125,000 a year. Tax brackets in Delaware currently stop after $60,000, and anyone making over that amount is taxed at 6.6% of their income regardless of whether they make just above […]

Tax debates lead docket of early Delaware legislature bills

Delaware Business Times | by Jacob Owens DOVER – The Delaware General Assembly kicked off Jan. 12, albeit without the usual fanfare at the State House as the 151st session is the first to begin in an all-virtual format amid the COVID-19 pandemic, and taxation is surprisingly one of the issues to watch. Perhaps the most eyebrow-raising proposal filed so far is a tax hike on those earning $125,000 or more a year. Three new brackets created by House Bill 64 would tax those starting at $125,000 at 7.1% rather […]

Kowalko proposes higher tax rates for Delawareans earning more than $125,000

Newark Post | by Staff and Wire Reports Democratic lawmakers in Delaware are proposing several new tax brackets that would result in higher-income individuals paying more to the state’s coffers. “This bill is intended to ensure a more fair and equitable progressive tax structure that is sustainable and not overly burdensome to any category of earners,” said Rep. John Kowalko, of Newark, who is sponsoring the bill. “It has been carefully calculated to apply a minimal amount of tax increases while ensuring a sustainable revenue source in future economic downturns.” […]

Delaware’s income tax brackets could change under proposed legislation

Delaware Public Media | by Roman Battaglia One lawmaker’s push to change Delaware’s tax brackets may be gaining some traction. Delaware’s current taxable income brackets only go as high as $60,000, which State Rep. John Kowalko (D-Newark South) says is too low compared to other states. His proposal would add new brackets at $125,000, $250,000 and $500,000 of taxable income. “It’s to ensure stability, it’s to ensure a little more equitable, certainly to ensure a more fair collection of necessary revenue,” Kowalko said. With no sales taxes and relatively low […]

Income tax measure filed in House

Delaware State News | by Matt Bittle Democratic lawmakers on Wednesday filed legislation that would raise income taxes for the state’s top earners. House Bill 64 would create three new income tax brackets that would affect only people who make at least $125,000 a year. Delaware currently has six personal income tax brackets, with the top one imposing a rate of 6.6% on all income of more than $60,000. The bill would tax income from $125,001 to $250,000 at 7.1%, $250,001 to $500,000 at 7.85% and above $500,000 at 8.6%. […]

Manufactured-home owners have legal support

Delaware State News | by Newsroom Staff DOVER — Attorney General Kathy Jennings announced Monday that manufactured-home owners in disputes with their community owners will be eligible for free legal representation by the nonprofit Delaware Community Legal Aid Society Inc. under a contract it entered with the Delaware Department of Justice. The contract is made possible by a dedicated attorney fund established by the General Assembly and funded by a 50-cent portion of an existing monthly assessment paid by manufactured-home owners. The contract provides for quality legal representation to those […]