Is that emphatic enough? There are many campaigns you can participate in to let your elected representatives know that more tax breaks for the rich are not what America needs.
Here are some facts about the proposed estate tax cut, provided by Act for Change:
The estate tax currently has an exemption of $2 million per person ($4 million per couple) — meaning that only five out of every one thousand people will ever be subject to the tax. With the exemption already set to rise to $3.5 million per person by 2009, the Congressional Budget Office has calculated that the overwhelming majority of farms and small businesses will not be taxed.
Who is pushing for this repeal? 18 super-wealthy families, who are looking to cash in on a potential windfall of $71.6 billion.
Who else will benefit? People like Exxon CEO Lee Raymond, who will get a tax break of $160 million. Vice President Cheney will save between $12 million and $60 million. President Bush will also do pretty well, with a tax break somewhere between $787,000 and $6.2 million.
Here are just a few of the campaigns you can participate in:
True Majority’s Campaign to Prevent the Estate Tax Cut
I work for coalition4americaspriorities.com and i completely agree with you. It makes me furious that politicians use the farm and small business argument since it is COMPLETELY false. They are just misleading constiuents. There was a great article from the Washington Post about the lunacy of this idea to abolish it. Hopefully congress will vote against abolishing it!! I have attached the article link below as well.
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/30/AR2006053001182.html
It never ceases to amaze yet we are expected to believe that when we applaud candidates who raise the most campaign funds from $500 to $2,100 per contributor we don’t seem to correlate THESE are folks who expect to have these tax cuts, but instead are supposed to believe that the candidate will vote against tax cuts….is there a theme here?