For the second time in as many years, Sen. John Thune (R-SD) is leading the charge in repealing the federal estate tax. With wealth inequality flourishing and public opinion moving in favor of higher taxes on the wealthy, removing this tax on inheritances will only make the gulf between the rich and poor wider. Sen. Thune’s bill is and should be unpopular. However, because of … Continue reading Republicans Relying on Lies to Repeal Estate Tax
Recently, Senator John Thune introduced legislation (again) to repeal the estate tax. The estate tax, which is one of the few safeguards left against dynastic wealth in this country, was last adjusted just 13 months ago to make it even more generous to the children of millionaires and billionaires. Now, the introduction of yet another estate tax repeal bill raises the question: can Republicans do … Continue reading Eliminating Estate Tax Means Yet Another Tax Cut for Millionaires
My last post lamented the messaging woes of progressives in combating the right’s attacks on Big Government and all that entails for the middle and working class who depends on it. Here, I will attempt to provide a solution in order to begin making headway in the midterms. First, we must take responsibility for our struggles with messaging. Rather than rolling over, we should … Continue reading The Rich Kid’s Tax… Let’s Call it What it is
While it is important that we always speak clearly, concisely, and accurately, it is far more important that we be heard. That we are listened to and that people pay attention, and maybe, just maybe, they see and agree to our points. This might rub some the wrong way, but if a message does not have an audience, then what is the value in delivering … Continue reading Big Government is NOT bad, Big Government is Essential!
Gary Cohn, the director of the National Economic Council was just on CNBC talking about the necessity of repealing the estate tax. Mr. Cohn said: Well, look, we want that farmer to go out and buy the next piece of land, and the next piece of land, and the next piece of land, and create the economies of scale and be able to compete in … Continue reading Pearls of Wisdom: Does Gary Cohn Even Understand the Estate Tax
I don’t need a tax break for my estate tax, and my kids don’t deserve to be pawns (or kings) in the divisive game already played by the super-rich.
The President’s plan to repeal the estate tax isn’t just bad tax policy, it’s un-American.