Wednesday, June 22, 2005
But at least it appears the estate tax repeal is heading towards a satisfactory ending, if not a complete victory. Senator Jon Kyl has issued a report and is planning a vote in the Senate to make the repeal of the tax permanent. People will tell you we can't afford it with the current deficit, but point out back to them that it's about 1% of the budget, and that meanwhile it's both distorting economic choices and voluntary for the rich to pay (but not, say, for a farmer with a large parcel of land.)
And given this quote, it has a decent chance at passage.
"You ought to be able to leave your land and the bulk of your fortunes to your children and not the government."
That's right, Hillary Clinton, during her election run in 2000.