Senators want cuts in multi-millionaire estate taxes


	Senators want cuts in multi-millionaire estate taxes

masbury

4-3-2009 12:08 AM

203 views

tags:

estate tax, kyl

masbury says:

Paris Hilton's tax break, costing you $249.5 billion.

1 Comment |

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4-3-2009 8:12 AM

Moliticon

I don't think I can handle much more of this.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c83c3c00-e9e4-4df7-8e7c-b772945e4d91/A94D4285-DB4E-48C8-B67F-03B9706F5DE5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/" href="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/" style="font-size: 11px;">thinkprogress.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/">Sens. Jon Kyl (R-AZ) and Blanche Lincoln (D-AR) have offered <A href="http://wonkroom.thinkprogress.org/2009/04/01/kyl-lincoln-estate/">a $250 billion proposal</A> to cut estate taxes for the children of multi-millionaires</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/">Kyl and Lincoln’s “most pressing issue is clear: <A href="http://www.nytimes.com/2009/04/02/opinion/02thu1.html?ref=todayspaper">America’s wealthiest families need help</A>. Now.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/">“only 0.2 percent of the additional cost of the proposal, relative to [the Obama proposal], would go toward tax cuts for small businesses and farms.”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/"><P><STRONG>The rest of the cost, approximately $249.5 billion, would go to the inheritors of estates worth over $7 million.</STRONG> Paris Hilton, get excited. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/">The <A href="http://www.arktimes.com/blogs/arkansasblog/2006/04/who_pays_the_estate_tax_anyway.aspx">Waltons</A> — the <A href="http://www.citizen.org/pressroom/release.cfm?ID=2182">Arkansas-based family</A> that founded Wal-Mart — are one of the key groups financing the campaign</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thinkprogress.org/2009/04/02/kyl-lincoln-estate-tax/"> “With all the serious work before Congress, it is a colossal waste of time to have to rebut the false claims and warped premises of ardent estate-tax cutters,” the NYT writes. “Ms. Lincoln’s and Mr. Kyl’s colleagues in the Senate should make short work of it and <A href="http://www.nytimes.com/2009/04/02/opinion/02thu1.html?ref=todayspaper">move on to urgent matters</A>.”</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A94D4285-DB4E-48C8-B67F-03B9706F5DE5/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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