There are rumors/speculation that a deal may be in the offing in the House for enough Democrats to vote with Republicans to allow HB16, the Repeal of the Estate Tax to pass, while garnering enough Republican votes to allow an Amended HB109 and HB102 to pass. HB109 would create two new Income Brackets of $125,000 [7.05%] and $250,000 [7.80%] with a tax cut of 0.05% for every other bracket. HB102 would raise the Corporate Franchise Tax. Sources tell me that HB109 would likely be amended to remove the tax cuts of 0.05% across the board.
I would first see if a Estate Tax Cut rather than a full repeal would be enough. Because the Delaware Estate Tax only applies to estates worth more than $5.49 million. So we are talking about a tax only on a fraction of wealthy estates. But, the facts are, to get any tax increase on the wealthy and corporations passed, we will need at least one Republican vote to garner the 3/5 majority needed. But I don’t trust Republicans, at any level, at all, so I would need HB102 and HB109 to be passed first.