Senate Kills Estate Tax Bill
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.
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.
Your support is crucial…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.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and unearth untold stories.
TD Original
The language is always evolving, but will mainstreaming evermore hypersensitive euphemisms for “death” really keep the Grim Reaper at bay?
Film
An octogenarian filmmaker turns his camera down life’s homestretch.
TD Original
Can the “death positive” movement help fix our dysfunctional relationship with the inevitability of human demise?
Belief & Religion
Beginning as a response to environmental trauma, proponents of the trend seek to bring ritual back to a culture that has growingly become "grief-illiterate."
Race
When developers found graves in the Virginia woods, authorities helped erase the historic black cemetery.
With 17 times as many new infections outside China as in it, Italy and Iran close schools; travel and events are canceled; and markets yo-yo.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.