March 3, 2022
For Immediate Release
BETO’S LONG HISTORY OF SUPPORTING JOB-KILLING TAX INCREASES
“From income taxes to corporate taxes to property taxes, extreme liberal Beto O’Rourke has never seen a tax he didn’t want to increase. Beto’s pattern of support for job-killing tax increases will do nothing less than destroy the Texas Miracle.” – Mark Miner, Communications Director
O’Rourke Voted Against Ending The Death Tax And Increasing The Child Tax Credit While In Congress:
In 2015 O’Rourke Voted Against H.R. 1105, The “Death Tax Repeal Act.” (H.R. 1105, On Passage, U.S. House Of Representatives, 240-179-12, 4/16/15, O’Rourke Voted Nay)
In 2014 O’Rourke Voted Against H.R. 4935. (H.R. 4935, On Passage, U.S. House Of Representatives, 237-173-22, 7/25/14, O’Rourke Voted Nay)
- R. 4925 Increased The Child Tax Credit And Thresholds For Phasing Out The Credit. “H.R. 4935 would increase the amount of the child tax credit and the income thresholds at which the credit begins to phase out for taxpayers.” (“H.R. 4935, Child Tax Credit Improvement Act Of 2014,” Congressional Budget Office, 7/3/14)
O’Rourke Supported Several Large Increases Of El Paso’s Property Taxes:
El Paso’s Ordinance 16447 Raised Property Taxes In El Paso. (“Ordinance 16447,” City Of El Paso, Filed 7/31/06)
- O’Rourke Voted For Ordinance 16447. “ORDINANCE 16447: The City Clerk read an Ordinance entitled: AN ORDINANCE LEVYING 2007 TAXES. … Motion duly made by Mayor Pro Tempore Presi Ortega, Jr., seconded by Representative Byrd, that the Ordinance be ADOPTED. Whereupon the Mayor ordered that a vote be taken on the passage and adoption of the Ordinance which when so done resulted as follows: AYES: Representatives Lilly, Byrd, Presi Ortega, Jr., Steve Ortega, and O’Rourke NAYS: Representatives Lozano, Castro, and Holguin.” (“El Paso Regular Council Meeting Minutes,” City Of El Paso, 8/29/06)
In 2007 O’Rourke Voted For A Budget With A 9.4 Percent Increase In El Paso’s Property Taxes. “The vote on the budget was 4-3, with West-Central city Rep. Susie Byrd, East-Central Rep. Jose Alexandro Lozano, East ridge/Mid-Valley Rep. Steve Ortega and South-West Rep. Beto O’Rourke voting for the measure. Voting against a budget supported by a 9.4 percent property tax increase were Northeast Rep. Melina Castro, East Side Rep. Rachel Quintana and East-Valley Rep. Eddie Holguin.” (“City OKs $664 Million Budget After Lively Debate,” El Paso Times, 8/21/07)
In 2010 O’Rourke Voted For A Budget With A 1.73 Percent Increase In El Paso’s Property Taxes. “The City Clerk read an Ordinance entitled: AN ORDINANCE LEVYING FY 2011 TAXES. Motion duly made by Representative Byrd, seconded by Mayor Pro Tempore Acosta, that the Ordinance be ADOPTED AS REVISED, that property taxes be increased by the adoption of a tax rate $0.6537 of one percent of the assessed property value, which is effectively a 1.73% increase in the tax rate. … Whereupon the Mayor ordered that a vote be taken on the passage and adoption of the Ordinance which when so done resulted as follows: AYES: Representatives Lilly, Byrd, Acosta, Robinson, Quintana, Holguin, Ortega and O’Rourke NAYS: None” (“El Paso Regular Council Meeting Minutes,” City Of El Paso, 8/24/10)
O’Rourke Supporting Increasing A Whole Host Of Taxes While Running For President, Including Raising Income Taxes, Corporate Taxes And Capital Gains Taxes:
O’Rourke Supports Sen. Elizabeth Warren’s Proposed Wealth Tax, Which Would Levy A Tax On Assets Independent Of Income. “Democratic presidential hopeful and former Congressman Beto O’Rourke said he would support taxing the wealth of the country’s super-rich following a campaign stop in South Carolina on Friday, embracing a proposal first unveiled by fellow presidential candidate Sen. Elizabeth Warren (D-Mass.). … Warren’s proposal would levy a 2 percent tax on assets over $50 million and a 3 percent tax on assets over $1 billion, part of an ambitious slate of policy ideas she has proposed to curb economic inequality.” (Igor Bobic, “Beto O’Rourke Says He Supports A Wealth Tax,” Huffington Post, 3/22/19)
O’Rourke Wants To Increase Income Taxes, Corporate Taxes And Capital Gains Taxes. JOHN HARWOOD: “What sounds right to you?” BETO O’ROURKE: “I think you at a minimum roll back the worst elements of the Trump tax cuts. So the top marginal tax rate back up to 39%. If you were to do that, and in addition make some other structural changes to our tax code — the corporate tax rate, which was brought down from 35% to 21%, bring that back up to 28% — great place to start. And as you probably know, you generate hundreds of billions of dollars over the next 10 years. If you were to tax capital at the same rate that you tax ordinary wage income, like the waiters who are working here, you also get to some greater structural correction to a very unequal economy, and you generate the revenue necessary.” (John Harwood, “Beto O’Rourke Begins Filling In The Blanks On The Economy, Taxes And Entitlements,” CNBC, 7/5/19)