Why Won't Congress Abolish the Estate Tax?
Rep. Ron Paul explains why the Death Tax is a bad idea and his fears that it might be here to stay.
The U.S. Senate had a golden opportunity to repeal the federal estate tax last week, but fell a few votes short. I fear that vote might represent the high-water mark in the movement to get rid of this destructive tax once and for all...Full Story at: http://www.freeliberal.com/archives/002115.htmlthe estate tax does four things-- all of which are bad for the economy and frankly un-American:
First, it discourages savings and investment.
Second, it undermines job creation and wage growth.
Third, it stifles investment.
Forth, it contradicts a central premise of American life, namely, building wealth and “getting ahead.”For all of these reasons, it’s time to get rid of the estate tax once and for all.