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Christopher Dodd on Taxes and Budget
Q: The benefits of President's Bush's tax cuts have overwhelmingly gone to the very wealthy. Meanwhile, federal revenues have dropped to the lowest share of our national wealth in decades. DODD: First of all, we need to have a program which focuses attention on critically important domestic issues. We also need to make sure we don't allow these tax cuts to become permanent in this county. Providing that kind of benefit for people at the very top levels would be a mistake. We're going to need not a repeal of the estate tax but to moderate it. But if we were to totally get rid of that, there would be a tremendous loss of revenues for the country. And then we need to provide the kind of tax breaks and incentives for those in the middle-income category of our country so they can begin to grow and prosper and contribute more.
2007 AFSCME Democratic primary debate in Carson City Nevada Feb 21, 2007
All of them, as well Senators Christopher J. Dodd and Joseph R. Biden Jr. and Gov. Bill Richardson, have made clear that they would support keeping in place the tax cuts that have benefited the vast majority of people, roughly speaking households with income less than $200,000 or so.
Senator Christopher J. Dodd, Democrat of Connecticut, attacked two provisions of the bill as giveaways to the wealthy at the expense of more pressing needs. Mr. Dodd said the top income tax rate should be cut to only about 38 percent, from 39.6 percent, instead of to 36 percent, as the bill calls for. The estate tax should be reduced, he said, but not eliminated. The bill would repeal the tax in 2011
"We need to provide the kind of tax breaks and incentives for those in the middle-income category of our country so they can begin to grow and prosper and contribute more."
2007 AFSCME Democratic primary debate in Carson City Nevada Feb 21, 2007
Voted NO on balanced-budget amendment
S. J. Res. 1; Bill S. J. Res. 1 ; vote number 1997-24 on Mar 4, 1997
"Senator Dodd has a record of commitment to fiscally responsible tax relief for working families and small and medium-sized businesses. He supports tax incentives that encourage busineses to invest in innovation, health care, pensions, and other practices that can help them grow and compete successfully. He also supports tax relief to better enable working men and women obtain health insurance, send a child to college, and purchase a home. At the same time, he has stood firm against fiscally irresponsible tax breaks for the most affluent that threaten our nation's ability to balance the budget and pay for priorities such as education, homeland security and national defense."
Voted NO on supporting permanence of estate tax cuts
Estate Tax and Extension of Tax Relief Act; Bill H.R. 5970 ; vote number 2006-229 on Aug 3, 2006
Voted NO on permanently repealing "death tax"
Death Tax Repeal Permanency Act; Bill HR 8 ; vote number 2006-164 on Jun 8, 2006
Voted NO on eliminating marriage penatly
Bill HR.4810 ; vote number 2000-215 on Jul 18, 2000
Voted NO on repealing Alternative Minimum Tax
Grassley Amendment; Bill S.Amdt.471 on S.Con.Res.21 ; vote number 2007-108 on Mar 23, 2007
Voted YES on $47B for military by repealing capital gains tax cut
Tax Relief Extension Reconciliation Act; Bill S Amdt 2737 to HR 4297 ; vote number 2006-008 on Feb 2, 2006
Voted NO on retaining reduced taxes on capital gains and dividends
Tax Relief Extension Reconciliation Act; Bill HR 4297 ; vote number 2006-010 on Feb 2, 2006
Voted NO on extending the tax cuts on capital gains and dividends
Tax Relief Act of 2005; Bill S. 2020 ; vote number 2005-347 on Nov 18, 2005