Monday, November 5, 2012
Taxes and Moral Values In Congress
This article explains what the GOP House wants to do with the estate tax that is due to expire. In essence they want to give a tax break that averages over $1 million for every estate subject to the tax. That will be paid for by cutting tax credits for the poorest Americans. They might as well say "Let them eat cake." Their ability to build popular support for their tax policies among ordinary Americans is amazing. They get a lot of help from their "think tanks", and from opinion makers who share their values, but it is still uncanny.