Wisconsin State Journal-Repeal of estate tax should be rejected

Wisconsin State Journal: "Repeal of estate tax should be rejected
00:00 am 4/12/05

Eliminating the federal estate tax would produce a long list of negative results, from aggravating the federal deficit problem to expanding the gap between the super-rich and the rest of society.
That's why the Wisconsin congressional delegation should oppose elimination of the estate tax. Instead, Wisconsin's representatives should favor more modest reforms to protect the upper-middle class from the reach of the estate tax and to make it easier for families to pass small businesses and farms to the next generation.
The U.S. House of Representatives this week is to consider legislation to get rid of the estate tax permanently. Under current law the estate tax is being phased out, with repeal taking effect in 2010. However, thanks to a goofy compromise, the repeal expires in 2011. The House is considering making the 2010 repeal permanent."