Sens. Jon Kyl (R-AZ) and Blanche Lincoln (D-AR) recently introduced a $250 billion amendment to slash estate taxes for the heirs of multimillion-dollar estates. Yesterday, the Senate narrowly passed the bill by a 51-48 vote. Joining Republicans in approving the bill were ten Senate Democrats:Baucus (D-MT), Bayh (D-IN), Cantwell (D-WA), Landrieu (D-LA), Lincoln (D-AR), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Tester (D-MT)
As the New York Times explained, under Obama’s budget, “99.8 percent of estates will never — ever — pay a penny of estate tax. The heirs of the remaining 0.2 percent of estates are who Ms. Lincoln and Mr. Kyl are so worried about.”
I started posting on HowieinSeattle in 11/04, following progressive American politics in the spirit of Howard Dean's effort to "Take Our Country Back." I decided to follow my heart and posted on seattleforbarackobama from 2/07 to 11/08.--"Howie Martin is the Abe Linkin' of progressive Seattle."--Michael Hood.
Friday, April 03, 2009
"Ten Democrats vote for Sens. Kyl and Lincoln’s bill protecting the children of multimillionaires"
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