Thursday, April 2, 2009

3rd editorial

Today the senate is weighing wether to give the wealthiest of the wealthy should get a tax break worth $250 billion dollars over 10 years. The Senate today could take up an amendment to the budget resolution proposed by Sens. Blanche Lincoln (D-Ark.) and Jon Kyl (R-Ariz.) that would shield the first $10 million of estates from taxation and lower to 35 percent the tax on amounts beyond that. Under Bush's tax cuts, the estate tax is supposed to dissappear in 2010 and then it's supposed to come back in 2011. It's supposed to come back at the 2001 levels where any couple with estates over $2 million dollars at %55.

No comments: