Send a Tweet
Most Popular Choices
Share on Facebook 7 Share on Twitter Printer Friendly Page More Sharing
General News   

Liberal Group Challenges Democrats on Estate Tax Vote

By Toby Chaudhuri  Posted by Anne Thompson (about the submitter)       (Page 1 of 1 pages)   No comments
Message Anne Thompson
Roll Call Ad Asks, Will Democrats Stand For the Common Good Or "Blanche" For Special Interests?

WASHINGTON, June 26 - In a full-page ad today in the Capitol Hill newspaper Roll Call, the Campaign for America's Future challenged a handful of Democratic senators to stand up for the common good by uniting with fellow Democrats to protect the estate tax from a bill before the Senate.

The ad targets Sens. Maria Cantwell, D-Wash., Patty Murray, D-Wash., Mark Pryor, D-Ark., and other Democrats said to be wavering on their vote on the estate tax.

The ad asks how many "Blanched" Democrats there are, referring to an editorial about Sen. Blanche Lincoln's opposition to the estate tax written by Jonathan Chait of The New Republic.

"Critics never talk about the handful of wealthy families who have bankrolled the anti-estate tax campaign," writes Chait. "One such family is the Waltons, who own Wal-Mart. They live in Lincoln's home state of Arkansas ... Lincoln doesn't want rich heirs to pay any inheritance tax on their windfall ... Who does she want to pay more in taxes?"

Campaign for America's Future co-director Robert Borosage said his group will keep an eye on Democratic senators who choose to stand up for special interests instead of the common good on this issue.

"This is nothing more than another tax break for multimillionaires," said Borosage. "There's a growing frustration with the right-wing policies that provide massive tax breaks to the rich while cutting programs that average families depend on. We need to invest in areas vital to our future."

President Bush and other Republicans want to eliminate the federal estate tax on inherited wealth for the super-rich entirely. After a vote in the Senate earlier this month showed there wasn't enough support to abolish it, Republicans put together a "compromise" that guts the great bulk of the tax.

The House passed that bill last Thursday. It would add a projected $283 billion plus borrowing costs to the national debt over the next 10 years. The bill is now before the Senate. Under the bill, estates worth as much as $5 million for individuals and $10 million for couples would be shielded from the tax.
Rate It | View Ratings

Anne Thompson Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

You can contact Anne Thompson, Communications Associate at Campaign for America's Future, at 202-955-5665 or athompson at ourfuture dot org.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact EditorContact Editor
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

New Report Shows Progressive Populism Driving Force in Midterm Elections

To View Comments or Join the Conversation:

Tell A Friend