You work your entire life, building a home, business, or whatever. You pay taxes on it along the way. You die and want to leave it to your family. STOP! Uncle Sam wants to steal what does not belong to him. The government wants a 35% tax on what Mom and Dad want to leave you. This is wrong and should never be part of the tax code.
Taxes are very important to keep the government working. When we look at the spending in the federal government, I can see places to cut spending and we would never need to raise taxes again.
Spending at the federal level has gotten out of hand. We need to help people who cannot help themselves, but we cannot continue giving help to those who refuse to work. Also sweetheart money deals given to areas of the United States to build bridges to nowhere and to help no go projects needs to stop.
The Senate will vote on December 15th, 2010 on an $858 billion deal to temporarily cut taxes at every income level and extend jobless
On Monday, the Senate easily got past a procedural move on the bill on an 83-15 vote, an indication that the tax-cut package has broad support in that chamber.
President Obama, who vowed during his campaign to only support tax cuts for the poor and middle-class, has pushed the deal as good for the economy. The deal covers tax cuts signed into law by President George W. Bush that are expiring. If Congress does not pass the deal, taxes will go up on Jan. 1.
“This makes sense,” Obama has said.
Senate Minority Leader Mitch McConnell has warned the House that changing the deal, which was ironed out by Obama and GOP leaders, could endanger its chances of becoming law.
“This agreement is not subject to being reopened,” McConnell said.
Still, House Democrats met last night and discussed ways to scuttle the provision on estate taxes that GOP negotiators won from Obama. Under the deal, the first $10 million of an estate would not be taxed and the rest would be subject to a 35% tax rate.
Rep. John Larson of Connecticut, chairman of the House Democratic Caucus, that the estate tax provision was like “rubbing salt on the wounds” of Democrats already upset that the deal calls for extending tax cuts to people making more than $250,000.
We need to inform our federal government representatives that we want the Death Tax to die this year and never return. This is fair and not too much to ask.