November 30, 2009
Revenge of The Death Tax
You're dead, now pay up!
The Obama administration and its congressional allies have a pretty straightforward choice when it comes to the death tax, which Democrats like to call the estate tax. They can set aside their ideological fixation, kill off the counterproductive death tax and reap a harvest of jobs before the 2010 elections, or they can stick to their fixation on robbing the productive rich at the cost of a bigger political bloodbath in 11 months.Tempting as it is to back President Obama's tax-increasing plans, which could strip him of his congressional majority, the need for a real stimulus is too great. If Congress and the administration do nothing, the death tax is scheduled to disappear in a few weeks, only to be reinstated to its pre-2001, 55 percent rate in 2011. The tax on the accumulated savings, property, income and long-term profits of the nation's job creators when they die is a killer of family businesses and farms and the jobs they create.
By Howie at 01:05 PM |
|
