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2006.08.07

Estate tax cut: No estates under $3.5 million would benefit

Bill Frist's estate tax cut for the very rich is a shame.  According to a study from The Center for Budget and Policy Priorities, 43% of that tax cut would go to estates with values of $20 million or greater.  In total, no one with an estate worth less than $3.5 million would get a dime from this tax cut.

Why is an estate tax cut so much more important to Bill Frist than a minimum wage hike?  That was a rhetorical question.  Frist is paying back the super lobbyists that have been supporting him all these years, making darn sure they will continue to support him when he run for president.
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Other sites blogging about this issue: Daily National news, Random Musings, Mutualist Blog, TPM Cafe, The Ford Report, Left of Calvary, Pink Dome, Progressive Thinking, Americablog, Grouchy's Liberaltopia, Economist's View.

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