America ! This is one of these Democratic Corporate Dinosaurs we need to throw out Congress !
The nation is suffering its worst economic slump since the 1930s. 10% of the country is out of work, many more have given up looking for a job, and even those Americans who are fortunate enough to be employed are struggling to make ends meet under the burden of higher medical costs. Kind of an odd time to be worried about the Estate Tax. Lobbyists for small businesses, construction companies, manufacturers and other trade groups are racing the clock to convince Congress to reinstate the federal estate tax they’ve fought for years to abolish. The National Federation of Independent Business and more than 40 business organizations wrote Senate and House leaders last week asking for quick action on a proposed 35 percent levy on inheritances worth more than $10 million per couple.
The groups have changed positions in a bid to head off higher taxes on the horizon: Unless Congress acts, current law would raise the tax next year to 55 percent on estates after they exceed $2 million per couple, from nothing this year. Don’t you feel the urgency people?! There are desperate millionaires out there who will pay higher taxes UNLESS WE ACT NOW!!!
Blanche to the rescue! Arizona Republican Senator Jon Kyl and Arkansas Democratic Senator Blanche Lincoln have proposed setting the rate at 35 percent, retroactive to Jan. 1. The measure would apply to the portion of estates that exceed $10 million per couple, and would adjust that exemption for inflation in later years. Extra style points for teaming up with Jon Kyl, there, Blanche. And here’s the kicker. The legislation pushed by Kyl and Lincoln, exempting $10 million per couple from taxation, would affect 3,030 taxpayers this year, including 310 business owners or farmers, according to Tax Policy Center estimates.
Don’t have a job? Don’t have health care? Tough shit !.
Got an estate worth $10M? Blanche is ready to help.
Donate to Bill Halter’s campaign. Article is from Firedoglake.com
America , this is what I mean about the Hypocrisy of these Dinosaur Senators in Congress today.Senator Blanche Lincoln , has not time to vote for a PUBLIC OPTION , when it comes to helping millions of Working Middle Class Americans afford health insurance coverage in the Senate bill.But she does have the time to vote , to help MILLIONAIRES avoid an estate tax of 55% percent that will kick in next year after the Bush Tax Cuts that added 1.2 trillion dollars to our National Deficit , Expire.
Talk about having your Priorities Straight !.
WE THE PEOPLE , especially Arkansas voters , have to make sure Senator Blanche Lincoln of Arkansas does not win Re-Election on November 3rd. 2010 !...
Let's not fool ourselves. The GOP's suggestion to scrap the current health care bill and to start anew is not a bi-partisan compromise. The "party of no" has no intention of pushing forward a health care bill that does not favor insurance companies. If the GOP had their way, health care in the U.S. would remain at the status quo.
Even though the President has offered to use some of the GOP proposals for health care, others are still adamant about scrapping the entire bill.
Scrapping the bill is not compromise.
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