GOP Votes Tax Relief For The Rich

From "Newsmax"

GOP Cheers as Repeal of 'Un-American' Estate Tax Passes House

http://www.newsmax.com/Newsfront/un-american-estate-tax-repeal-house/2015/04/16/id/639083/

The House of Representatives voted Thursday to repeal the federal tax on estates because "it's a sad day" when heirs face huge financial burdens after someone dies, Rep. Buddy Carter told Newsmax.

"That doesn't make any sense at all," the first-term Georgia Republican said. "Having a death tax in place had done a lot to tear apart family businesses, particularly family farms.

"What we've seen is that family businesses and family farms have gone away," said Carter, who owns three independent pharmacies in his district. "It's un-American."

On a 240-179 vote, the GOP-controlled House repealed the 40 percent federal rate on estates — setting the stage for a showdown in the Senate over a bill that Democrats charge affects few inheritances.

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A federal tax on inheritances was first imposed in the 18th century. The current tax has appeared in various forms since 1916.

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A total of 5,400 estates are expected to pay the tax this year — out of about 2.6 million deaths, according to the nonpartisan Joint Committee on Taxation, which provides official estimates for Congress. That's 0.2 percent of all deaths in the U.S.

EDITORIAL COMMENT:- The Republicans are totally correct - it is totally unAmerican to tax the rich the way that America has been doing (off and on) since 1797. The Founding Fathers would NEVER have stood still for a tax that only affected the richest 0.2% of the country.