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Tuesday, April 12, 2005
House to Vote on Estate Tax Repeal Wednesday
On Wednesday the House is slated to vote on H.R. 8, a bill to repeal the estate tax. The House has passed this bill in years past, and will most likely pass it again. The cost of repealing the estate tax over a ten year period would come out to be $745 billion. Click here for more information on repeal costs.
President Bush is busy ranting that we don't have enough money to continue Social Security payments as they are, and at the same time Congress is set to pass an extremely austere budget resolution for FY 2006 that cuts billions of dollars from funding for social programs. Yet this push to further gut national coffers and appeal to the interests of the wealthiest in our country exists as a very real threat.
The Washington Post has published two insightful columns this week discussing the issue of the estate tax and how it fits into the larger tax and budget picture. Click below to read the articles.
The Rich Get Richer
The Paris Hilton Tax Cut
Posted by Becky Lewis
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