Del. residents weigh in on proposed tax hike

A Delaware house committee is eying a bill to raise income taxes for wealthy Delawareans.

Currently, the top tax rate is 6.6 percent for incomes for families bringing in over 60,000 dollars per year. According to Joe Fulgham, a communications officer for the Delaware House of Representatives, says if the bill is passed then it would modestly lower current tax income for some tax brackets.

The bill would also create new tax brackets. Changes are for those making more than 125,000 dollars a year. Those rates would increase to 7.1 percent for those making between 125,000 and 250,000 dollars a year.

For families making more than 250,000 dollars, the rate would be 7.8 percent. State officials say the hikes would bring an additional 26 million dollars in revenue.

Felicia Cahall says she does not agree with the proposed tax hike.

“I think anyone should have the same amount. I don’t think it’s fair because you have more money, you have to pay more.” Says Cahall.

Meanwhile, Eric Tye, says the proposed hikes are fair but they escalate year after year.

“I think it’s fair they raise theirs just as long as it wasn’t done like last year, you know. As long as it’s not an every year thing.” He says.

Following the hearing, the bill was signed out of the Revenue and Finance Committee and released to what officials say is a “ready list”. This means the Speaker of the House may or may not assign it to be heard on the agenda before June 30th.