Casey: Voted for the "DREAM Act" bill. Supports a new Obama administration policy of allowing young illegal immigrants who have no criminal history and graduated from high school or served in the military to remain in the county as "a practical step." Supports curbing illegal immigration by tougher border security and cracking down on employers who hire illegal immigrants, including harsher penalties and electronic verification of employee eligibility.
Smith: Didn't take a position on the "DREAM Act" bill or on Obama's policy on young immigrants. Opposes measures that offer special privileges to illegal immigrants over those waiting to immigrate legally. Supports curbing illegal immigration by tougher border security, including more immigration officers, limited fencing along the U.S. Mexico-border and more technology such as drones.
Casey: Opposes allowing the expiration of the 2011-12 tax cut that reduced Social Security payroll taxes on workers from 6.2 percent to 4.2 percent. Opposes the diversion of Social Security payroll taxes into privately managed investment accounts. Hasn't taken a position on whether he supports increasing the retirement age, raising the income limit for Social Security payroll taxes or limiting benefits for wealthier individuals.
Smith: Supports allowing the expiration of the 2011-12 tax cut that reduced Social Security payroll taxes on workers. Supports allowing younger taxpayers to divert some of their Social Security payroll taxes into privately managed investment accounts. Supports increasing the retirement age. Says he is willing to consider raising the income limit for Social Security payroll taxes or limiting benefits for wealthier individuals.
Casey: Voted to extend decade-old "Bush" income tax cuts past 2012, except on income earned by individuals above $200,000 and by couples above $250,000. Voted for a two-year extension of the lower rates for all for 2011 and 2012. Voted to increase boost the top tax rate paid by people who inherit estates to 55 percent and exempt the first $1 million. Voted to impose top tax rates next year of 20 percent on dividends and capital gains; expiring rate is 15 percent. Wrote legislation to give tax breaks to small business owners who hire new employees. Voted to allow investors in small businesses to take a 100 percent exclusion from capital gains taxes on small business investments. Voted to create tax breaks for U.S. companies that repatriate jobs from abroad and to impose tax penalties on U.S. companies that close domestic plants and open new ones overseas. Voted to eliminate tax breaks for oil producers.
Smith: Opposes any tax increase. Supports the permanent extension of the Bush tax cuts. Supports a "flat" income tax rate that would impose the same rate on every taxpayer, instead of brackets of rising tax rates that apply to higher levels of income. Supports the elimination of the capital gains tax and the estate tax, as well as tax breaks, market protection and other incentives for specific businesses. Supports keeping the earned income tax credit and deductions for low-income families, charitable giving, mortgage interest and student loan interest.
Casey: Voted against free trade deals in 2011 with Panama, South Korea and Colombia. Helped write legislation targeting China by allowing the federal government to impose tariffs on countries that manipulate their currency to gain trade advantages. Voted to extend job training and other aid for workers who lose jobs as a result of foreign trade. Voted for the extension of the Export-Import Bank.
Smith: Supports free trade deals with Panama, South Korea and Colombia. Opposes legislation to impose tariffs on currency-manipulating countries in favor of working through the World Trade Organization and other channels.