Tuesday, September 20, 2005

Death and taxes

The Birmingham News today confirms that U.S. Sen. Jeff Sessions, R-Ala., called a Birmingham estate tax expert a couple of weeks after Hurricane Katrina to share "his plan to use the death of a Gulf Coast business owner to argue for the repeal of the estate tax."

Time magazine reported about that phone call on Saturday, but what that article didn't tell you is that those damn liberals and their omnipresent agenda bear every bit of the blame. No, seriously, that's Sessions' explanation: "It was just a push back to the group that was trying to use Katrina as a basis to block permanently or indefinitely the death tax (repeal)."

Fortunately, Sessions sees that now is no time for finger-pointing or opportunism. Now is the time for action, and there's no better way to alleviate the misery of Alabamians, Louisianans, and Mississippians who have lost everything than by lending a hand to estate tax victims like this one: "If somebody had died during this storm ... and their business was substantially damaged and the revenue was lost, ... a counterargument would be, how can these business owners ever recover if they pay a 45 percent death tax?"

And a counterargument to that would be that perhaps being dead frustrates the hypothetical business owner's recovery efforts more than the estate tax, but you get the idea.

3 Comments:

Blogger King Cockfight said...

"And a counterargument to that would be that perhaps being dead frustrates the hypothetical business owner's recovery efforts more than the estate tax, but you get the idea. "

Not for the zombie small business owner, the backbone of the American economy.

11:52 PM  
Blogger PoliSciZac said...

I talked about this some at my blog, but the most interesting thing in the article wasn't related to Sessions, but to the estate tax.

The B'ham News says that in 2003, only 410 Alabama estates were subject to the estate tax. 410! What is that like 1 in 10,000? If the GOP wants the estate tax, fine, but don't act like you're doing regular folks a favor by giving the top 1% a tax break.

2:15 AM  
Blogger Kathy said...

Why do people continue to vote for such an idiot? In theory, I think the estate tax is unfair -- taxing money that has already been taxed at least once -- but in the real world, I understand why it was enacted. What I don't understand is why voters don't educate themselves a bit more as to who is really affected by this tax. I also don't understand how Sessions could be so tone-deaf as to try to capitalize on those who died in the Katrina disaster. The last thing this country needs right now is another tax cut for the very wealthy. But, as I said at the beginning, he is an idiot.

9:03 AM  

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