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A bill sponsored by a handful of Delaware Democrats would raise income tax rates for people who earn more than $125,000.
But the effort has stalled in committee, even though the party controls both chambers of the General Assembly, and now the House sponsor is considering a compromise measure.
State Rep. John Kowalko (D-25), the chief House sponsor, said he wants a more progressive rate for a system that currently taxes people who make $1 million a year at the same rate as someone whose income is $60,001.
The state’s top tax rate, for all people earning more than $60,000 annually, is 6.6 %. Rates are progressive with, for example, people paying 4.8% for income between $10,000 and $20,000. The tax rate increases from there, topping out at the $60,000 mark.
January 17, 2021
Delaware State Chamber of Commerce President Michael J. Quaranta, left, presents the Josiah Marvel Cup Award to Maj. Gen. (Ret.) Francis D. Vavala. SUBMITTED PHOTO
At its 184th annual dinner, the Delaware State Chamber of Commerce awarded its prestigious Josiah Marvel Cup Award to Maj. Gen. (Ret.) Francis D. Vavala.
Established in 1951, the Marvel Cup honors a Delawarean who has made an outstanding contribution to the state, community or society. The state chamber’s highest honor is named in memory of the Hon. Josiah Marvel, who reorganized and served as the chamber’s first president in 1913. As a tradition, recipients of the Marvel Cup are kept secret until the night of the dinner.
Delaware Business Now
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The Delaware State Chamber of Commerce awarded the Josiah Marvel Cup Award to Major General (Ret.) Francis D. Vavala.
The award was given at the State Chamber’s 184
th Annual Dinner.
Established in 1951, the Marvel Cup honors a Delawarean who has made an outstanding contribution to the state, community, or society. The Chamber’s highest honor is named in memory of Josiah Marvel, who reorganized and served as the first president of the State Chamber in 1913. Recipients of the Marvel Cup are kept secret until the night of the dinner.
DSCC President Michael J. Quaranta with Major General (Ret.) Francis D. Vavala