Wednesday, April 13, 2005
GOP: Let's Raise Our Kid's Taxes!
GOP seeks to give tax break to the top 1 percent of dead people.
WASHINGTON - House Republicans[..] effort to repeal the estate tax has itself succumbed three different times upon reaching the Senate. This year, though, four additional GOP votes give supporters hope of eliminating it. [...]For Christ's sake, what the fuck is wrong with the Republicans??? Bush is running a 400 billion dollar deficit and he's looking to give a tax cut specifically to the top 1 percent of dead guys??? Apparently it's more moral to the Republicans to strap a newborn baby with a birth tax to pay off rather then taxing some old rich dead tycoon.
In 2004, the government collected $24.8 billion from the estate tax, according to the nonpartisan Congressional Research Service. The number of estates that owed tax in 2003 amounted to 1.25 percent of deaths the previous year.