Thread: More tax breaks for the super rich

April 8, 2009
Editorial
Guarding the Family Fortune
Last week, as the unemployment rate hit a 25-year high and nearly one in 10 Americans was receiving food stamps, 10 Democrats in the Senate joined all 41 Republican senators to cut estate taxes for the wealthiest families. The provision would funnel an additional $91 billion over 10 years to the heirs of megafortunes, money that would otherwise have been paid in federal taxes or donated to charity.

With economic pain and suffering on the rise, how do the senators justify a big tax cut for multimillionaires? By asserting that an estate tax cut is just what struggling Americans need.

Senator Blanche Lincoln, a Democrat of Arkansas, co-sponsored the measure with Senator Jon Kyl, a Republican of Arizona. She said it was critical to creating jobs through small businesses. “With all the money we’ve spent to help the economy, very little of it has filtered down to Main Street and family-owned businesses,â€

10 Democrats and 41 republicans. Why would republicans want to do this? The republicans were so hell bent on destroying our country for the last 8 years you'd think they would learn their lesson. On the other end of the spectrum you have democrats, who would tax the super rich so they can give freebies to illegals. Why can't we just get some middle ground? I'm sick of this 2 party system. It has failed.