MercuryNews.com | 04/15/2005 | GOP offering rich another present we can't afford

MercuryNews.com | 04/15/2005 | GOP offering rich another present we can't afford: "GOP offering rich another present we can't afford

RECKLESS PROPOSAL PROMISES TO STARVE OTHER PROGRAMS

Mercury News Editorial


Apparently no federal deficit is large enough or no gap between rich and poor wide enough for House Republicans to reconsider reckless tax cuts that benefit the wealthy. For the third time in four years, they voted to abolish the estate tax.
The estate tax -- or death tax, as conservative pollsters christened it -- is a progressive tax on inheritance. Although it falls on only about 2 percent of estates -- the biggest 30,600 in 2003 -- it brings in about $20 billion a year."