Anyone Wondering If The "Estate Tax" will be Repealed?

[stepnw1f]

I know right now, the effort to help and save people is on everyone's minds, but the lack of critical funding needed for NO was to blame. Besides the Iraq Invasion, I believe a spot light should be placed on the tax cuts for the wealthy.

In conjunction with the mess we are in now, we must stop the Repeal from happening.

Will it pass or not? Will Republicans place greed above life?

[acmejack]

1. I suspect that it will

The people that are actually to pay that tax have spent a LOT of money ensuring that it is eliminated. Think wealthy as in Waltons.

[Lone_Star_Dem]

2. That's what I'm expecting

If it's not I'll be surprised.

[ceusi]

3. think wealthy as in Dick Cheney

Is he on his deathbed?

[SammyWinstonJack]

4. Jenna and Barbara need their never ending party money.

The rich aren't going to pick up the tab for this unless it's voluntary. They won't be made too. The millionaire club that makes up Congress and bush's administration will push for this.

[Tierra_y_Libertad]

5. I'm curious to see how many Dems sell out and vote for it.

Any remnants of faith that I harbored in politicians to do the right thing is near non-existent.

[stepnw1f]

10. I Say Two...

but that's about it, if they are stupid that is.

[liberal43110]

6. Maybe I'm Naive, But.....

I actually think that Congress might rethink this one...I know it could be wishful thinking, but maybe..

[G_j]

7. Recieved today: Action Item

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Action Item
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Not even a hurricane -- which demands tens, if not hundreds, of billions of Federal dollars to deal with -- will keep Bill Frist from pushing the estate tax repeal onto the Senate floor next week: (http://thinkprogress.org/2005/09/02/katrina-estate-tax/ )
Senate Finance Committee members were informed this morning that Sen. Bill Frist will move forward with a vote to permanently repeal the estate tax next week, likely on Tuesday, ThinkProgress has learned.

One stands in awe of Sen. Frist's timing. Permanently repealing the estate tax would be a major blow to the nation's charities. The nonpartisan Congressional Budget Office has "found that the estate tax encourages wealthy individuals to donate considerably more to charity , since estate tax liability is reduced through donations made both during life and at death." If there were no estate tax in 2000, for example, "charitable donations would have been between $13 billion to $25 billion lower than they actually were."

Of course, Frist decided to act on a Friday, hoping that the end-of-the-week syndrome, coupled with the media focus on Katrina, would keep the press from noticing what he's planning. Let's work to change that.

*ACTION*

Write your local paper. Even as poor people in New Orleans suffer brutally from an obviously inadequate governmental response from cash-starved local and state governments and weakened federal agencies like FEMA, all the results of Bush's ill-conceived war and constant focus on tax cuts, the radical right leadership are making their priority taking care of the REALLY wealthy, risking charitable donations that support victims and further weakening government's ability to respond to such catastrophies.

Connect the dots for people.

Tamara Baker/MN RR Coordinator / Liz


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[FormerRepublican]

8. Absolutely.

They'll use the Katrina disaster as a distraction to keep the public from knowing what they're doing. Typical.

[FreeStateDemocrat]

9. This is the time for the Democratic Party to standup & filibuster.

But the reality is that a number of our bought dino's will vote for it and when they do I am throwing in the towel. The war is over and the corporations have won it all. The Democratic Party does not represent the vital interests of working class Americans, its base, anymore and will fade into history in a couple of election cycles. I will not waste my time worrying about politics anymore, it has become very unproductive, frustrating and a complete waste of time. In our society money wins every time and big money makes a sham out of the entire crooked politcal sideshow,so fuck it.

[stepnw1f]

11. .

[kittykitty]

12. They are running an commercial that is an ABSOLUTE LIE!!!

It says that they want to repeal the "death tax" that would take a part of your estate when you die---implying that everyone who dies would have whatever they leave would be taxed!

Total mis-information!