House Passes Tax Increase For Those Who Die

By:  Doug Busselman, Executive Vice President

This “breaking news” alert from the Washington Post shows that the U.S. House is following Nevada’s Legislative model – citizens exist to provide funding.  On a vote of 225 to 200 the House acted to nix the estate tax process which had been planned to end Death Taxes.  If the U.S. Senate follows the House action – and then President Obama signs the legislation into law – taxes on those who die will increase…for the good of the government treasury.

From this news account, in typical fashion, those who support government’s interests over those who pay – demonstrate the same tired class warfare approach, suggesting that the tax increase is necessary in order to keep wealthy people from escaping government’s tax reach – because they died.  Never mind the impact on capital intensive business operation, like farms and ranches.

We need to closely pay attention to those who voted in support of the legislation and voters of those districts, “represented” by those who voted “Yes”.  Those legislators would be key persons to mark for un-election in 2010.

Even though she had her own version of an estate tax approach, increasing the levels for exemption and reducing rate of taxation, Nevada’s Congresswoman Shelley Berkley voted “Yes” in support of the legislation.  Nevada’s Congresswoman Dina Titus also voted in support of the death tax increase.  Congressman Dean Heller, representing the needs of his constituents, voted “No”.

If you like the way that Government supersedes the needs of those who are taxed to support it – your guys are running things just that way.  If you think that changes are necessary to have the private sector take priority – over the burden of expanded state or national government…making those changes happen through a different group of representatives pushing the voting buttons in the legislative halls of Carson City and Washington, D.C.


 

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