Working for WalMart Sen. Boozman bill would eliminate estate tax

[sinkingfeeling]

http://thehill.com/blogs/floor-action/senate/239257-boozman-bill-would-eliminate-estate-tax

Sen. John Boozman (R-Ark.) introduced a bill Thursday that would eliminate the estate tax.

The Death Tax Repeal Act would permanently eliminate the federal estate and gift taxes, which Boozman says unfairly punishes small businesses and farmers.

S. 3403, doesn’t have any co-sponsors at the moment, but it’s an issue most Republicans agree on.

Currently the top estate tax rate is 35 percent with an exemption for the first $5 million. If Congress does nothing by the end of the year, the top rate would rise to 55 percent with a $1 million exemption.

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Cross post from Arkansas

[BlueToTheBone]

1. in CA, my bluedog dem rep voted for it several years ago.

That opened the door and I hope somehow it will be slammed shut! Greedy bastards.