They are rushing the aid… to millionaires and billionaires. Frist is pushing to pass a repeal of the Estate Tax – now! These are the priorities for the Bush Administration and Senate Majority Leader Bill Frist – to move ahead on starving our economy even more. If passed, it would shift about $1.5 billion a week from the federal treasury into the pockets of the heirs to the nation’s biggest fortunes.
We must fight Sen. Frist’s proposal to repeal the estate tax. Tone-deaf and out of touch with what is happening, he’s planning to call a vote as early as Tuesday!
Have they no heart at all? This is a time when thousands of Americans — many of whom are among the nation’s poorest — have lost everything to Hurricane Katrina and are looking to the government for help.
According to People for the American way:
Fewer than one estate out of 100 currently pays the estate tax.
Repeal of the tax would give an average $3 million tax break to the 7,000 estates that would have otherwise paid the tax.
For the approximately 600 biggest estates, the average tax break would be around $18 million.
Estimates project Hurricane Katrina’s economic impact could top $100 billion.
Write your representatives now – appeal to them to refuse any repeal or gutting of the Estate Tax. Their job is to represent all of us, and a piss-poor job they’ve been doing. Enough already.