Wisconsin State Journal: "OPINION
Fix estate tax, don't gut it
00:00 am 8/15/05
The federal estate tax ought to be reformed, but the super-rich should not get off virtually tax-free. That's why the Senate should adjust its aim as it works on a compromise reform plan.
It should be counted as progress that the Senate is now focusing on reform of the estate tax rather than repeal. A bill to repeal the tax passed the House earlier this year but thankfully ran into a roadblock in the Senate. Eliminating the estate tax would have produced a long list of negative consequences, from adding to the federal budget deficit, to reducing charitable donations, to expanding the gap between the upper crust and the rest of us."
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