Tag Archives: Estate tax

OK (but reluctantly)

Sample this.

Paul Ryan should be so proud.

Budget-00016

From the Washington Post’s Dana Milbank concerning the Republican’s intent of giving tax cuts to the wealthiest two-tenths of 1 percent.

” GOP leaders such as Senate Majority Leader Mitch McConnell of Kentucky and House Speaker John Boehner of Ohio have begun to recognize that the vast gap between rich and poor is detrimental — and to blame the problem on President Obama. Their solution, so far, has been to propose cuts of hundreds of billions of dollars from food stamps, Pell grants, Medicaid and other programs for those without means — and give $269 billion to the few who already have the most.

“It sounds to me like there’s a lot of wealth envy in this country,” Rep. Virginia Foxx, R-N.C., complained while serving as chairwoman of the Rules Committee debate Tuesday. The bill abolishing the estate tax, she said, “will draw a line in the sand.”

Yes, it will: between the wealthiest two-tenths of 1 percent — and everybody else.”

Sam Damon