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2016 Postmortem
Related: About this forumUS House passes tax cuts for 5400 of US's richest families. Would add $269 billion to deficit.
"Its past time to repeal this unacceptable tax. Every American deserves the ability to pass their lifes savings to their kids," said Representative Tom Graves, a conservative Republican from Georgia.
Repealing the tax would boost the federal deficit by about $269 billion over 10 years, according to Congress' Joint Committee on Taxation.
Few Americans pay the 40 percent tax on assets above the $5.4 million exclusion amount. About 5,400 estates, equal to 0.2 percent of taxpayers, will owe such taxes in 2015, according to the JCT.
http://www.reuters.com/article/2015/04/16/us-usa-tax-estate-idUSKBN0N723C20150416
Repealing the tax would boost the federal deficit by about $269 billion over 10 years, according to Congress' Joint Committee on Taxation.
Few Americans pay the 40 percent tax on assets above the $5.4 million exclusion amount. About 5,400 estates, equal to 0.2 percent of taxpayers, will owe such taxes in 2015, according to the JCT.
http://www.reuters.com/article/2015/04/16/us-usa-tax-estate-idUSKBN0N723C20150416
Republicans Aye: 233 Nay: 3
Democrats Aye: 7 Nay: 176
But there's no difference between the parties. None!
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US House passes tax cuts for 5400 of US's richest families. Would add $269 billion to deficit. (Original Post)
joshcryer
Apr 2015
OP
Sherman A1
(38,958 posts)1. Charming
but, where are the spending offset so dear to our GOP friends??????
UCmeNdc
(9,601 posts)2. Republicans always lie. They are not against raising the budget deficit.
Every single Republican voted for this bill. They lie when they say the budget deficit is a major concern to them. The Republicans only want to tax the middle class.
joshcryer
(62,287 posts)4. They are a disgrace.
The very idea that Democrats are no better is a farce. It's intended to make people apathetic.
pansypoo53219
(21,009 posts)3. what happened to revenue neutral?
joshcryer
(62,287 posts)5. The GOP has never ever represented it.
When it comes to a vote. They have never literally represented a balanced budget. They just want to cut taxes on the top 1% and laugh as they do so.