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Delaware Weighs Tax Decoupling Amid OBBBA Concerns

11/10/2025

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Summary

Story summary

The One Big Beautiful Bill Act (OBBBA) allows immediate 100% write-offs for investments in assets in 2026.
It could lower tax burdens and spur investment, but would cause a $504 billion tax loss over ten years.
Delaware's General Assembly is weighing a decoupling bill to stabilize tax policy after a shortfall tied to OBBBA.
Governor Matt Meyer supports the decoupling move, while some lawmakers question urgency of a special session.

History

Historical Context

The Tax Reform Act of 1986, signed by President Ronald Reagan on October 22, aimed to simplify the U.S. tax code by lowering the top corporate tax rate to 34% and eliminating many deductions. This reform followed earlier tax cuts in 1981 and significantly impacted American businesses and the IRS, with ongoing discussions about tax policy reflecting concerns over potential $504 billion losses.

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Story summary

The One Big Beautiful Bill Act (OBBBA) allows immediate 100% write-offs for investments in assets in 2026.
It could lower tax burdens and spur investment, but would cause a $504 billion tax loss over ten years.
Delaware's General Assembly is weighing a decoupling bill to stabilize tax policy after a shortfall tied to OBBBA.
Governor Matt Meyer supports the decoupling move, while some lawmakers question urgency of a special session.

1 / 2