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Sun Nov 18, 2018, 01:00 PM

Sen. Jon Kyl again seeks to cut the 'death tax'

Sen. Jon Kyl has introduced legislation certain to go nowhere for now and as his own future in Washington seems uncertain at best.

Seeking to "start the conversation," the Arizona Republican proposed cutting the estate tax rate in half, from 40 percent to 20 percent. It's a tax on estates valued at more than $11 million, a level so high almost no one owes it.

It's a return to a favorite subject for Kyl, who tried repeatedly in his initial 18 years in the Senate to reduce the tax, derisively known as the "death tax" among its largely conservative detractors.

The current Congress expires Jan. 3 and Kyl returned to the Senate in September after the death of Sen. John McCain, promising only to remain through the end of the year. He could stay longer, but with Democrats retaking control of the House of Representatives in January, cutting the estate tax rate may not be a top priority.

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Reply Sen. Jon Kyl again seeks to cut the 'death tax' (Original post)
DesertRat Nov 2018 OP
Power 2 the People Nov 2018 #1

Response to DesertRat (Original post)

Sun Nov 18, 2018, 01:51 PM

1. Pathetic SOB

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