Saturday, August 29, 2009
Poor little guy. Why's he crying? Well, its because he's spent his life riding on daddy's coattails and he just read today that after 2010, the death tax will go from almost nothing to close to 50%. That's about where it was back in 2001 before George W put in motion a plan to slowly reduce it to nothing. That plan would have to be renewed before the end of next year or the tax rubberbands back to where it was. Those death panels don't sound so bad anymore, do they?
Never mind that the tax only applies to very wealthy estates and won't affect nearly any of us; I agree with the principal that once income has been taxed once, it shouldn't be taxed again. Repealing the death tax isn't a bad thing...of course, we do need a lot of money right now. And its only going to affect really wealthy old people anyway. I guess its just not that big a deal to me or most other people, or probably about 59 to 60 Senators and about two thirds of the house. On top of that, we here at the Elliptical Press did our very own phone survey of dead people to see how they felt about having lost variable amounts of their estate to this tax. None of them even cared enough to respond to our phone calls, indicating that 100% of dead people don't think the tax is a big deal. The GOP must be thinking to themselves, "if there was only some way to encourage a compromise on this. A bargaining chip of sorts. But what could it be?"
Well, in case you weren't going to guess it, here's my suggestion: agree to put the death tax off for another four years or keep it pretty low in exchange for health care reform with a public option. Better yet, attach the repeal of the death tax to the public option bill as a rider. Then, when someone votes against it, their competition in the next election can run ads that say, "YOUR Senator voted against repealing the death tax in 2010. Is this who you want representing you in Washington?" Hey, if people believe the death panel crap, they'll buy it. Sphere: Related Content