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Will the Senate agree to repeal the Estate Tax on Tuesday?

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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:16 PM
Original message
Will the Senate agree to repeal the Estate Tax on Tuesday?
If they do, there should be a general strike.
I bet Frist is hoping that people are so concerned about the rescue efforts that he will slip this one by the American people.

http://thinkprogress.org/2005/09/02/katrina-estate-tax/
Despite Katrina, Frist Will Call Vote on Estate Tax Repeal

Senate Finance Committee members were informed this morning that Sen. Bill Frist will move forward with a vote to permanently repeal the estate tax next week, likely on Tuesday, ThinkProgress has learned.

One stands in awe of Sen. Frist’s timing. Permanently repealing the estate tax would be a major blow to the nation’s charities. The nonpartisan Congressional Budget Office has “found that the estate tax encourages wealthy individuals to donate considerably more to charity, since estate tax liability is reduced through donations made both during life and at death.” If there were no estate tax in 2000, for example, “charitable donations would have been between $13 billion to $25 billion lower than they actually were.”

As they did after 9/11 and during the lead-up to the Iraq war, conservatives have placed tax cuts for the most wealthy and well-off over the spirit of shared national sacrifice. What a stark contrast to the outpouring of generosity being shown by the American people in the wake of Hurricane Katrina.

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Kenroy Donating Member (768 posts) Send PM | Profile | Ignore Sat Sep-03-05 03:17 PM
Response to Original message
1. Part of me says
they wouldn't DARE even try...

but then after everything I've seen...
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Wetzelbill Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:21 PM
Response to Reply #1
3. because you are a normal person who thinks fairly and feels shame...
these fuckers have no shame whatsoever. I wouldn't be surprised at all.
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wli Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:20 PM
Response to Original message
2. Very probably. Probably a party-line vote, too.
If not, we know anyone who crossed party lines to the rethug side is a rethug operative.
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Wetzelbill Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:22 PM
Response to Reply #2
4. you got that right
dead on.
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jpgray Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:22 PM
Response to Original message
5. 3% of dead persons in 2002 qualified for the tax
But everybody believes they'll be three percenters one day.
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kansasblue Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:23 PM
Response to Original message
6. this will say a lot about the future of the country...about Bush's control
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katinmn Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:27 PM
Response to Reply #6
7. I agree. If they pass this -- at this time -- they are no longer Americans
IMO, that is.

Any senator that votes for this is a traitor.
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 03:31 PM
Response to Original message
8. They should be repealing Bush's tax cut for the super rich
Instead they'll give them another massive tax cut. A few hours later Bush will again appeal for the middle class to send "cayshhh" to help the "refugees".
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laugle Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 05:35 PM
Response to Original message
9. Since when do they care about charities?
They sure showed their charity in NOLA...........
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Laelth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 09:05 PM
Response to Original message
10. You can bet your bottom dollar that this bill will pass ...
... and that 3% at the top of the food chain is secretly thankful for all the misery caused by Katrina because the media is focused on the disaster down South. It's a perfect time for the richest amoung us to pick the pocket of the national government. The hurricane makes it more likely that the tax will get repealed.

-Laelth
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Vinca Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-03-05 09:10 PM
Response to Original message
11. It would be obscene for it to pass.
I wouldn't be surprised if they tabled it for happier times. They do, after all, want to win in 2006.
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gemlake Donating Member (535 posts) Send PM | Profile | Ignore Sat Sep-03-05 09:16 PM
Response to Original message
12. Who in the media would challenge them?
Of course it will pass. Americans will rejoice that they no longer have a "death tax," and no one will bother explaining to them that they never paid it.
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