Campaign 2010

Sep 15, 2010

DE-AL: Delaware Republicans Go With Glen Urquhart and his Reckless Tax Agenda

If Glen Urquhart had his way, middle class families in Delaware would see a drastic tax increase.  The Delaware Republican, who secured his party’s nomination in the state’s lone Congressional district, has endorsed a risky and radical tax plan that would enact a 23 percent national sales tax on all goods and services including food and clothing.  The plan would drastically increase the tax burden on middle class families, while lowering the tax burden on wealthy Americans like himself, and represents exactly what families can’t afford right now. 

“Glen Urquhart’s plans to drastically increase taxes are wrong for the middle class,” said Shripal Shah, Regional Press Secretary for the Democratic Congressional Campaign Committee. “Under Glen Urquhart’s radical tax plan, middle class families would see an increased tax burden while the wealthiest Americans like himself got a break.  Glen Urquhart’s agenda may serve the interests of his fellow millionaires well, but it represents exactly what Delaware can’t afford right now.”

BACKGROUND:

Millionaire Glen Urquhart supports the Fair Tax over the current tax code.  Urquhart said the fair tax would be “much m ore fair, much simpler,” and would allow the government to get rid of the IRS.  [WHYY First Radio, 4/17/10]

According to Factcheck.org, under the Fair Tax, everybody earning between $15,000 and $200,000 per year would pay more per year while those earning more than $200,000 would see their overall tax burden decrease. In Delaware, middle income families would see their taxes increase by $2,633 per year. The top one percent would see their taxes cut by $192,393 a year.  [Institute on Taxation and Economic Policy; Factcheck.org, 5/31/07]

According to his financial disclosure form, Urquhart is worth several million dollars. Urquhart’s assets are valued between $11 and $39 million and earned him a minimum of $259,000 in income in 2009. [Delaware News Journal, 8/12/10; Urquhart Personal Financial Disclosure, filed 5/14/10]