tax reform

official photo

Governor Jack Markell wants to make Delaware more tax friendly for business.

So, he has said that he wants to change the way the corporate tax is calculated.

The Wilmington News Journal reports that the Delaware Democrat wants to move from a formula based on the proportion of employees, property and sales in the First State to one based only on in-state sales.

It’s estimated that the change would cost the state around $8.2 billion in the next fiscal year and would total $47 billion over the next three years.

House of Representatives

WILMINGTON, Del. (AP) - U.S. Rep. John Carney is holding a series of closed-door meetings with government and business leaders in Delaware to talk about the U.S. tax system.

Continuing what his office calls a "tax reform listening tour," Carney was to meet privately Wednesday with top executives of drugmaker AstraZeneca to discuss the corporate tax code.

On Thursday, Carney was to hold separate closed-door meetings with the state Chamber of Commerce's tax reform committee, and with state finance secretary Tom Cook and other financial leaders.


ANNAPOLIS, Md. (AP) - Attorney General Doug Gansler is highlighting his plan to cut the corporate income tax rate to demonstrate he is the most willing of Maryland's Democratic primary candidates for governor to do what's necessary to spur the state's economy.

Gansler wants to gradually cut the state's corporate income tax from 8.25 percent to 6 percent. He says that will make Maryland more competitive with Virginia for companies that want to be near the nation's capital.

Gansler is running in the Democratic primary against Lt. Gov. Anthony Brown and Del. Heather Mizeur.

official photo

UPPER MARLBORO, Md. (AP) - Lt. Gov. Anthony Brown has released an outline of a plan aimed at growing Maryland's economy if he becomes governor.

Brown, who is running in the Democratic primary for governor, released the five-point plan on Tuesday.

At the top of the list is using innovative financing to pay for infrastructure. Brown led an effort to better define public-private partnerships in the state last year.