White House Rips Republicans As Obama Vows Veto of $3 Million Tax Cut For Millionaires

[Skidmore]

http://www.politicususa.com/2015/04/14/white-house-rips-republicans-obama-vows-veto-3-million-tax-cut-millionaires.html

In a strongly worded veto threat, the White House shredded Republicans for a bill that would give millionaires and billionaires a tax cut that averages $3 million each.

The White House issued a stern veto threat of the latest Republican attempt to repeal the Estate Tax:

The Administration strongly opposes H.R. 1105, which would add hundreds of billions of dollars to the deficit to provide large tax cuts exclusively to the very wealthiest Americans.

Repealing the estate tax exclusively benefits just the wealthiest one or two estates out of every thousand—which would receive a tax cut averaging more than $3 million each—because current law already exempts more than $5 million of wealth for individuals and more than $10 million of wealth for couples from the tax. Given these large exemptions, well over 99 percent of Americans, including virtually all small businesses and family farms, do not pay any estate tax. H.R. 1105 would also shift a greater share of the tax burden onto working Americans at a time when the top one percent already holds more than 40 percent of the Nation’s wealth and wealth disparities have risen to levels not seen since the 1930s....

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[NoJusticeNoPeace]

1. But but but there is no difference between the two parties, I keep hearing

Surely the top agenda point for Hillary is a tax cut for the richest?

Right?


Wait...i cant find that anywhere


Good OP, reminds us just how disgusting the rightwing pukes are.

[Cha]

2. KICK.. Thanks Obama.. mahalo Skidmore