Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Bill USA

(6,436 posts)
Mon Apr 13, 2015, 05:20 PM Apr 2015

John Boehner To Hold Tax Repeal Vote To Increase Welfare For the Rich

http://www.politicususa.com/2015/04/13/boehner-hold-tax-repeal-vote-increase-welfare-rich.html

Despite the ever-widening income gap in America with the poor and middle class losing wealth to the richest Americans in the top one percent of income earners, Republicans still are on a crusade to hand more riches to the already uber-wealthy. This week, Speaker of the House John Boehner will hold a vote to repeal the “Estate Tax” and give the very richest of the rich another government handout at the expense of the rest of the population.

According to the Internal Revenue Service, “The Estate Tax is a tax on your right to transfer property at your death” to your heirs. As it stands now, no-one pays ‘Estate Tax” on any inherited estate unless it exceeds $5.4 million that affects the top 0.2 percent (two-tenths) of households in America. Everyone else, including the top 1 percent, pays no estate tax for inherited wealth up to $5.4 million. It is what gives the wealthiest families in America the ability to stay wealthy and become more powerful from generation to generation all while paying nothing for newfound wealth. Republicans want to completely eliminate the Estate Tax to unburden the richest 0.2% of households that include the likes of Romney and Kochs of America.

If one listens to, or believes, Republicans this country just has not been as generous to the wealthy as it has the overwhelming majority of Americans either wallowing in poverty and low wages or struggling to remain in a rapidly vanishing middle class. It is worth noting that the median income in America is below $50,000 and those families not only have little if anything to pass on to their heirs, they will likely struggle to survive right up until the day they die. Still, Republicans complain bitterly that the majority of Americans are sucking money from the government and the wealthy that should be given to the beleaguered and struggling ‘job creator‘ class.

The only problem with that assertion is that the wealthy are major recipients of government welfare most Americans are unaware of. If Republicans can eliminate the estate tax, super-wealthy families will be able to hoard, and increase, their wealth in perpetuity and become ever wealthier from other forms of government welfare Republicans refuse to subject to “reform” revealing the lack of morals they are known for around the world.

It is true that no-one in their right mind would ever accuse any Republican of having any morals, and in no small part it is due to demands Republicans make on the working poor and poverty class in order to receive government aid they need to survive like food and healthcare assistance; demands and requirements Republicans would never consider making on their wealthy recipients. Republicans have never subjected farmers receiving agriculture subsidies, oil companies receiving billions in subsidies, churches getting hundreds-of-billions in subsidies, or Pell Grant recipients getting free tuition assistance to any of the limitations or demeaning requirements they are putting on poor Americans for something as necessary as food stamps.
(more)
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
John Boehner To Hold Tax Repeal Vote To Increase Welfare For the Rich (Original Post) Bill USA Apr 2015 OP
If Congress didn't spend nearly ALL our tax money on WAR, these tax cuts for PEOPLE valerief Apr 2015 #1
, blkmusclmachine Apr 2015 #2

valerief

(53,235 posts)
1. If Congress didn't spend nearly ALL our tax money on WAR, these tax cuts for PEOPLE
Mon Apr 13, 2015, 05:32 PM
Apr 2015

WHO DON'T NEED THEM wouldn't hurt so much.

Latest Discussions»Retired Forums»2016 Postmortem»John Boehner To Hold Tax ...