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Posted on 06/12/2002 7:02:27 PM PDT by StopDemocratsDotCom
Don't believe me? Go to www.senate.gov and check out today's votes. Captain McQueeg/McLame hung it out to dry...he wants your estate tax to go back UP in 9 years.
Being fiscally responsible using money that isn't yours, won't be.
So the Republicans will "compromise" and vote for that disgusting porkfest called the Farm bill, but they won't compromise and vote for this? They'll "compromise" and deliver teeny-tiny little marginal rate reductions, but they won't pass a repeal of the death tax unless it includes estates over 7 million for couples? Seems a bit extreme. I like Phil Gramm, but maybe the Democrats aren't the only ones looking for a fig leaf. Compromise on CFR, compromise on education, but for some reason, no compromise on this? What about all those small businessmen the GOP was saying they wanted to protect. My uncle's business ain't worth 7 mil.
If they can justify taking half of a dead man's wealth, they could justify taking it all.
In a very bizarre way, I almost have more respect for democrats (well not really)......at least dems don't try to hide what they are, they love taking away your money and your constitutional freedoms and don't give a rats ass if you like it or not. Republicans on the other hand drape themselves with the banner of "conservative" and pretty much do the same thing as the dems, they just use more of a backdoor approach. You know, like farm subsidies, corporate welfare/tax cuts?
It's like being on Mr. Toad's wild ride from Alice in Wonderland......hold on for dear life. The Republican party could care less about the average citizen; that pretty much makes them blood kin with their Democrat brethren.
We'll hear about this again.
From today's Washington Times:
"The National Taxpayers Union Foundation has released an analysis of 690 House and 404 Senate bills introduced during 2001, revealing an "urge to splurge" among lawmakers.
"Among the findings:
"The average House Democrat had a net agenda that would, on average, raise federal spending by $262.4 billion per year (an increase of more than 13 percent over current outlays, and an 800 percent jump from the worth of the average House Democrat's agenda in the last Congress). House Republicans posted a net overall agenda of $19.8 billion — a switch from last year's average that proposed to cut spending by $4.6 billion.
"In the upper chamber, Democrats boosted their agendas six-fold, to $88.2 billion; Republicans shifted from a $0.3 billion average-cut agenda in the last Congress to an $18.7 billion increase in 2001."
Are the Republicans perfect? Far from it. Is there a difference between them and the Democrats. You bet.
Maybe not. But $7M isn't a lot now (esp. for businesses that include property) and will be even less a few years from now. And that number includes the family investments and homes as well.
The *really* rich already live off foundations established years ago (like the Kennedys and Gates). This tax hurts the families who are just starting to become wealthy. And the interesting thing is that it hurts minorities most - they are most likely to be 1st generation wealthy.
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