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.
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.
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.