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Ear to the Ground

Senate Kills Estate Tax Bill

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Posted on Aug 3, 2006
champagne popping
From champagnelovers.org

Normally, this would be cause for unbridled celebration. However, Republicans had cowardly and self-servingly tacked an estate tax reduction onto a bill designed to raise the minimum wage. So good legislation had to die  in order for a terrible bill never to live.


AP via Wash Po:

WASHINGTON—A Republican election-year effort to fuse a cut in inheritance taxes on multimilllion-dollar estates with the first minimum wage increase in nearly a decade was rejected by the Senate late Thursday.

Republicans needed 60 votes to advance their bill, which links a $2.10 increase in the $5.15 federal minimum wage over three years to reductions an estate taxes next decade. Passed by the House last Saturday, the bill got a 56-42 vote, four votes short of succeeding.

For Republicans, the combination could have neutralized a Democratic campaign issue while also advancing an estate tax cut, a priority that may have an uncertain future if the GOP loses seats in Congress in November’s election.

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By allseeingeye, August 4, 2006 at 4:45 pm Link to this comment
(Unregistered commenter)

One GOP thug bragged “we outfoxed you” to Dems. This reveals their true nature. They would poison the water supply if it was the party line. Ignore John S. he’s an obvious plant by the Rethug disinformation machine. When the people revolt and retake power, we’re going to seize all their assets, homes, boats, land and exile the bastards to a desert island. Hope they like fish and coconuts.

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By John U., August 4, 2006 at 11:45 am Link to this comment
(Unregistered commenter)

It’s good that the Democrats didn’t take the Republicans evil bait and pass yet another huge tax deduction for America’s wealthiest 8000 families (including Bill Frist).Many of these 8000 are clandestinely behind and financing the main lobbying group trying to repeal the ‘death’ tax, as they focus group named it….....using the phony arguements that they are (so nobely) trying to ‘save’ family farms (approximately zero have had to be sold to settle estate tax claims) and small businesses, whose profiteers happen to be pocketing a lot from the sub minimum wage and through tax evasion and avoidance.  Typical to our christian, values oriented republican, once the veil is lifted off it’s all becomes a big back scratching scam.  I guess they’re trying to polish up their image after the spring’s $70 billion tax cut for the rich that will give the average middle class family $20.  Holy gee, that will make be go to church and be obedient to our excellent war managers.  Don’t buy their lies.

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By 3reddogs, August 4, 2006 at 9:55 am Link to this comment
(Unregistered commenter)

Yes, John S., it would have decreased taxes BUT ONLY FOR MANY OF THE WEALTHIEST AMERICAN FAMILIES.  It’s about time the Democrats started taking some stands and a change in estate taxes that would have cost the government $268 billion over 10 years seems as good a place as any to start!  It’s certainly no secret that the Republicans have been fighting an increase in the minimum wage for years.  For them to combine it with a decrease in the Federal estate tax, which the Democrats have been fighting for years, smacks of the worst kind of politics.  (But the kind of politics that the Republicans have been raising to an art form!)  My only surprise is that they didn’t throw in a provision to open up the Alaska Wildlife Reserve for oil drilling too.

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By kevin99999, August 4, 2006 at 9:47 am Link to this comment
(Unregistered commenter)

The republican’s entire economic agenda is enable transfer of wealth from the poor and middle class to the wealthy and empowement of corporations. This bill should have been killed as repeal of estate taxes for the wealthy should be considered on its merit. I continue to be amazed at the ignorance of rank and file republican who are just much a victim of the GOP policies as the rest of us.

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By Bryn Eltringham, August 4, 2006 at 9:41 am Link to this comment
(Unregistered commenter)

Thanks to all that killed this unfair bill. Could the Republicans and George Bush possibly more out of touch with the struggles of the ordinary American citizen. And now the public sees how sneaky they can be by linking very popular bills to the Estate Tax reduction Bill. Why are they so hell bent on creating an additional trillon dollars in debt that we would need to borrow from foreign governments anyway? Our elderly are eating cat food, Hurricane victims are still displaced, spending 3 billion a week on the war, 12 million illegals,and all Bush can come up with is Estate tax Reform,Anti Gay marriage, and Flag Burning amendments. Thanks George your doing a hell of a job Brownie!

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By Liz, August 4, 2006 at 8:35 am Link to this comment
(Unregistered commenter)

No becuase the rich people don’t need any breaks the nasty republicans tied this on so the poor get poorer and the rich get richer. this was a setup. If they didnt tie it in it would get passed smooth! Crooked people!!!

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By Jeremy, August 4, 2006 at 5:36 am Link to this comment
(Unregistered commenter)

Oh please John, you know this was just a cynical political sham of a bill that the Republicans knew would fail… simply so they’d be able to have people like yourself accuse the Democrats of minimum wage hypocrisy and/or loving taxes.

The Democrats did the right thing here. The estate tax does not affect 99% of Americans (I’ll assume including you) and yet the GOP has managed to make their working/middle class base get all up in arms about it. Somewhere, an obscenely rich heiress is smiling at that.

This was never a bill about raising the wage; it was dirty election year politics. Kudos to the Dems for standing on principle. When they take over Congress in January, we will have a real minimum wage increase bill and I am sure it will pass.

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By John Hall, August 4, 2006 at 4:17 am Link to this comment
(Unregistered commenter)

Why is it the only way the GOP is willing to help the working poor is only if they can heap another big tax break for the wealthy? They’ve been given the wealthy tax breaks the past six years without as much giving any consideration to the working poor.
It’s a bunch of crap. Besides, states are passing increases on their own, and the Dems can still use this as an issue to their benefit.

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By Aaitje, August 4, 2006 at 12:07 am Link to this comment
(Unregistered commenter)

**************************************************
Comment #16543 by John S.  on 8/03 at 9:25 pm

So basically, the Democrats killed a bill that would raise the min wage, AND decrease taxes??

Thanks Democrats!

**************************************************

No, factually, the Democrats killed the sneaky ploy by Republicans that wanted to go back to their impoverished states for iffy re-election to boast about “raising the minimum wage” for their non-millionaire constituents in the hope to fool them into voting for them again, while boasting to their REAL friends, the uber-wealthy in their district they can safely leave ALL their ESTATE TAX-free wealth to their silverspoon offspring and uncork a $1000 dollar bottle of champagne celebrating another win in America’s class-warfare.

Now they go back with empty hands.

But you’re right—-Thanks Democrats for outwitting the Republicans!

However, we *will* be expecting you Democrats, after taking Congress back, to push through that minimum wage increase.

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By ammonite, August 3, 2006 at 11:35 pm Link to this comment
(Unregistered commenter)

Actually the minimum wage portion had a poison pill of its own.  It would have overridden local and state minimum wages, so it would have lowered the minumum wage for many workers.

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By John S., August 3, 2006 at 9:25 pm Link to this comment
(Unregistered commenter)

So basically, the Democrats killed a bill that would raise the min wage, AND decrease taxes??

Thanks Democrats!

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