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Common Sense - USA - What passes for good news
Any day in which the U.S. Congress refrains from doing something destructive is about as good as it gets in Washington lately.
New York,NY.USA -The New York Times -June 9, 2006: -- On Thursday, the Senate cleared that low bar when it rejected efforts to repeal the estate tax... America is at war and the budget is so wildly out of balance that the government cannot pay its bills without borrowing money from foreign investors. The idea that this is a good moment to repeal a tax on people who inherit multimillion-dollar estates is mind-boggling. But Congress was on the brink of doing just that... Congress could easily have rationalized the tax structure, while protecting small businesses and family farms. But that would have forced everyone to admit that there's nothing wrong with asking people to pay a tax when they inherit enormous fortunes. For this Senate, the bar doesn't go nearly that high...
posted by Unknown @ 11:52 AM
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