They are rushing the aid\u00e2\u20ac\u00a6 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\u00e2\u20ac\u2122s biggest fortunes.<\/p>\n
We must fight Sen. Frist\u00e2\u20ac\u2122s proposal to repeal the estate tax. Tone-deaf and out of touch with what is happening, he\u00e2\u20ac\u2122s planning to call a vote as early as Tuesday!<\/p>\n
Have they no heart at all? This is a time when thousands of Americans \u00e2\u20ac\u201d many of whom are among the nation\u00e2\u20ac\u2122s poorest \u00e2\u20ac\u201d have lost everything to Hurricane Katrina and are looking to the government for help.<\/p>\n
According to People for the American way:<\/p>\n
Fewer than one estate out of 100 currently pays the estate tax.
\nRepeal of the tax would give an average $3 million tax break to the 7,000 estates that would have otherwise paid the tax.
\nFor the approximately 600 biggest estates, the average tax break would be around $18 million.
\nEstimates project Hurricane Katrina’s economic impact could top $100 billion. <\/p><\/blockquote>\n