House Committee Approves Bill to Repeal Estate Tax

By | March 25, 2015

  • March 26, 2015 at 7:53 am
    Ron says:
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    Can anyone explain exactly how losing $269 Billion in revenue to benefit just 5,500 families is, considering our current debt and deficit problems, being fiscally responsible?

    In addition, how will giving this money to people who do not NEED any more money, and will therefore not likely spend the additional money, benefit the economy?

    This is one of the main reason I can no longer support the Republican Party.

    • March 26, 2015 at 1:58 pm
      Dave says:
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      Like you ever did support the Republican party.

      As a Republican, this is one plank I do not support. I have no problem with a “reasonable” estate tax. I get the idea of protecting a family farm or a family buisness from the tax man. A reasonable threshold of somewhere between $5 and $10 million should be allowed to be passed tax free. Anything above that is no longer a “family” business in my mind and becomes somewhat of an empire. Tax rate? I guess that’s debatable, but somewhere between 30% and 50% above that threshold sounds fair.

      I’d rather protect the earnings of hard working Americans who earn money by working hard and building a business from scratch from the tax man with a top rate of 30% or less than letting the Paris Hiltons of the world pay no tax due to luck of birth and force the rest of us to pay more.

      • March 26, 2015 at 2:28 pm
        Ron says:
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        Dave,

        Outside of your first sentence, which was uncalled for and inaccurate, I agree with your post.

        If you believe that I have never supported the Republican Party, you either have not been reading my posts or have the reading comprehension of some other Republican/Conservative posters, who will remain nameless.

        • March 27, 2015 at 12:22 pm
          bob says:
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          Let’s be clear:

          You have never supported the republican party. You have only done so for your own peace of mind to be considered a moderate.

          You insulted your own stepdad when he said unemployment shouldn’t become unreasonable, because he was on it. That is out right disrespect to your father, but it shows how much you do not want to be for the republican party. You have NEVER made an equivalent comment against democrats.

          You have used catch phrases and slogans, as well as several times said equal to “typical republican not looking into things” and implied they are ignorant. You have never done this for democrats.

          You have implied democrats are smarter.

          Which may even be the reason you rebelled against your step dad. The good ol’ republicans are stoopid, I know better than you.

          You. Have. Never. Supported. Republicans. Stop lying.

          • March 27, 2015 at 1:46 pm
            KY jw says:
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            bob, even I remember that it was Ron’s FIL, not his parent that he had a problem with. I didn’t remember the issue, but Ron has provided that information below.

            I don’t understand why you continue to accuse people of lying. How many times do I have to point out, if you weren’t there you cannot know if they are lying or not. You should say “I don’t believe you.” That way you are stating a fact and not supplying an opinion based on faulty memories.

          • March 31, 2015 at 9:50 am
            Agent says:
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            Bob, your memory of my discussion with Ron has faded some. Actually, it was his father in law that called him a Socialist left winger. He had Ron pegged right from the start. I am sure he feels the same way if he is still alive even if Ron assures him that he voted for Republicans the last time.

          • March 31, 2015 at 10:19 am
            Ron says:
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            Agent,

            While your incorrect assesment of my political beliefs is frustrating at times, at the end of the day, I know who I am and what I believe.

            For the life of me I cannot understand what benefit there is for you to constantly refer to me as a Liberal, Progressive, Socialist, Democrat, etc. It makes absolutely no sense. Do you want me to start voting for people who espouse those beliefs and advocate for their ideology or would you rather I support Conservative Republicans?

            Funny thing is, my father-in-law has learned that I am not nearly as liberal as he first thought. Unlike you, he has taken some time to actually listen to me and not just make irrational judgements based on little information. Maybe it is because he is a Conservative New Yorker, not a close-minded Texan.

        • March 27, 2015 at 12:29 pm
          bob says:
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          Further more:

          I find it amazing you insult everyone’s reading comprehension when they say you are not a republican.

          It has nothing at all to do with reading comprehension.

          You smack talked your father. There is such a thing as being for unemployment, but not excessive unemployment, like 99 weeks, which is almost 2 years!

          No one had a reading comprehension issue. Did I misread that, you little brat?

          Did I misread where you have said, and just said again, that conservatives don’t have good reading comprehension?

          Did you notice that you didn’t mention liberals?

          You never do insult liberals here.

          Wonder why?

          Could it be, you like to insult republicans and you don’t like to insult democrats?

          And if you come back saying could it be you don’t have to insult democrats because they aren’t like conservatives, that again is a stereo type and is wrong?

          Perhaps you don’t know everything!

          Go figure kid. GROW. UP.

          Get out of doing things because they are popular, which is the only reason you’re a moderate.

          How do I know?

          YOU INSULTED YOUR FATHER. He should have thrown you out right then and there.

          • March 27, 2015 at 1:02 pm
            Ron says:
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            bob,

            It is ALL about reading comprehension.

            You are so incredibly stupid. I do not even have a stepfather and my Dad was never political, so I never even discussed politics with him.

            It was my father-in-law to whom I was referring. And it was his hypocrisy of accepting food stamps, not unemployment, then railing against the program when he no longer needed it calling those on the program lazy.

            In addition, I NEVER said I was a moderate. I am an Independent, meaning I vote for whom I believe is the best candidate, regardless of party affiliation.

            I do not need you, Agent or anyone else to accept the fact that I used to support the Republican party, and will still vote for some Republicans today.

            If you had better reading comprehension skills, you would have noticed my complaints about President Obama, Senator Reid and Representative Pelosi in particular. If you are referring to some of the posters such as Celtica, Stan, Rosenblatt and Libby, I rarely find any issue with the content of their posts. However, I am not a big fan of their tone at times.

            if you had better reading comprehension, you would also know that I was not referring to all Conservatives having poor reading comprehension, just you and Agent. I guess I was right, again.

          • March 27, 2015 at 1:49 pm
            KY jw says:
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            Ya, know, bob, I’m trying to give you the benefit of the doubt. If I can remember something that I knew before my concussion, then you should certainly remember that Ron was talking about his father-in-law. Based on the information Ron provided, I agree with Ron. Hypocrisy is a hot button for me, too.

      • March 26, 2015 at 2:58 pm
        Agent says:
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        Dave, working American businesses have been paying income tax on their earnings their whole time in business. Why is it fair to double tax with an exhorbitant estate tax when the President/CEO/Owner dies? Democrats have never seen a tax they don’t like as long as they aren’t the ones paying it.

        Some Democrats disguised as Independents don’t even pay a Federal Income tax, but want to tax successful people even more than a fair share. I will let you decide who we are talking about.

        • March 26, 2015 at 3:08 pm
          Ron says:
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          Agent,

          So far you are the only one who agrees with this move.

          Some questions for you:

          1. Why are you for increasing taxes on hard working Americans who actually EARN their money, but want to lower taxes for people who did not EARN the money?

          2. Can you explain exactly how losing $269 Billion in revenue to benefit just 5,500 families is, considering our current debt and deficit problems, being fiscally responsible?

          3. How will giving this money to people who do not NEED any more money, and will therefore not likely spend the additional money, benefit the economy?

          4. Why are Republicans wasting more time on legislation that will not become law?

          5. When are we going to see the new Congress in action?

          I am not demanding answers, just asking questions.

          • March 26, 2015 at 3:56 pm
            Agent says:
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            Ron, I have warned you before about demanding I answer your loaded Progressive questions. Why are you for double taxation on earnings? Doesn’t Obama get enough taxes out of hardworking Americans? He is demanding another tax increase and has threatened to do it by Executive Fiat. Do you think that is the right thing to do in a flat economy? Perhaps you like that no growth policy as long as it doesn’t apply to you, the non taxpayer.

          • March 26, 2015 at 4:18 pm
            Ron says:
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            Agent,

            What part of, “I am not demanding answers, just asking questions.” did you not understand?

            If you think they are loaded questions, it must mean that either you cannot answer them, or your answer(s) would reveal something about you that you want to keep hidden. Which is it?

            You asked, “Doesn’t Obama get enough taxes out of hardworking Americans?” YES!!! So, why do you want hard working Americans to pay more?

            You asked, “Do you think that is the right thing to do in a flat economy?” NO!!!

            Now that I have answered your questions, how about you extend the same courtesy?

          • March 26, 2015 at 4:23 pm
            Ron says:
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            Agent,

            Sorry, I fogot to answer one of your questions.

            You asked, “Why are you for double taxation on earnings?” It is NOT double taxation because the deceased person, who actually earned the money, is no longer being taxed. How exactly does someone EARN an inheritance?

    • March 26, 2015 at 3:00 pm
      Agent says:
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      “At some point, individuals have made enough” Barack Hussein Obama

      • March 26, 2015 at 3:30 pm
        Ron says:
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        Agent,

        What is false about that statement? He did not define enough.

        You are so focused on protecting the wealth of those who have exploited the lower and middle classes, it is sickening. Yet, you want even more redistribution of wealth upward. When do we start focusing less on protecting the wealthy and more on helping the WORKING middle and lower classes?

    • March 27, 2015 at 12:25 pm
      bob says:
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      The ESTATE tax is why you’re against the republican party?

      Any form of tax that is on established business or property is a bad tax.

      Taxing streaming revenues is fine. But specifically taxing the transfer of an estate or a business will harm the economy and I don’t even need to explain why. It makes each generation have to rebuild 50% of a business, or buy a new estate (or sell at an inflated cost to pay the estate tax.)

      By the by: Estates are taxed on a local level already over time which brings in plenty of revenues. Plenty.

      THIS is why you are against republicans? That they are against making life unsustainable?

      Are you insane?

      Go after the wealth of a person as they earn it. After they earned it, you can’t come back and tell them they can’t pass it on, can’t give their kids their business, or can’t give them their 50 million dollar house without the kid paying a $25 million dollar tax. That’s insane.

      • March 27, 2015 at 1:10 pm
        Ron says:
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        bob,

        If you had good reading comprehension, you would know that this is ONE of the main reasons I no longer support the Republican Party. The main reason I liked the Republican party is because they stood for fiscal responsibility.

        Can you explain exactly how losing $269 Billion in revenue to benefit just 5,500 families is, considering our current debt and deficit problems, being fiscally responsible?

        Assuming we need revenue in order to pay the bills, would you rather take it from people who are earning the money or from people who do not earn the money?

        If you have a business, you should have a plan in place to continue the business and avoid the estate tax on the business. Call a lawyer.

        If the kid can’t pay the $25 million tax bill, tough crap. Tell him/her to pull themselves up by their bootstraps and earn it. I thought that was the Republican way.

      • March 27, 2015 at 2:07 pm
        Bill says:
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        You can’t be serious bob.

        1. Only .02% of estates qualify to pay the estate tax.

        2. The estate tax has been around for a long time,through Republican and Democrat controlled governments, and through economic high times and low. Please provide proof that the estate tax has had any negative affects on the economy. Shoot, in recent years the estate tax has been modified to affect fewer people/families than in the past and yet the economy still faltered.

        3. Much of an estate may have had no taxes collected, such as unrealized capital gains.

        4. Go after the wealth of a person as they earn it? That is fine and dandy except when republicans continuously try to cut taxes to the wealthy and corpoations far more than to the middle class (that is if they cut taxes for the middle class at all).

        Read this article and you will see how ridiculous your comments sound. If you have proof to the contrary that you can provide, please do. I would love to see some facts and not just your unsubstantiated biased opinions.

        http://www.cbpp.org/cms/?fa=view&id=2655

        • March 27, 2015 at 3:27 pm
          zdog says:
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          Yes, I suspect Bob is serious or mostly so. I also suspect he does not care about articles cited from a left wing think tank – the Center on Budget and Policy Priorities.

          The main point on the estate tax is that this money has already been taxed as regular income. The $5-10 million threshold as cited by a previous poster is not a large estate for many closely held businesses. Should the next generation be punished and forced to sell just because of the estate tax burden? That’s the issue.

          By the way, most Republicans support a generally flatter, simpler tax system, which helps ALL classes.

          • March 30, 2015 at 8:43 am
            Ron says:
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            zdog,

            If you can tell how the heirs have earned their inheritance, then you may convince me that the estate tax is double taxation.

            You said, “The $5-10 million threshold as cited by a previous poster is not a large estate for many closely held businesses.” If that is the case, why does this only impact 5,500 families? In addition, why do they not have a succession plan in place? There are relatively easy ways to avoid this issue, especially if they want to keep the business in the family.

            Question, how does a simple, flat tax help all classes when it would increase the taxes on 43% of the country? What happens to the economy when those hundreds of billions of dollars are removed from the private sector and transferred to the government in taxes? For the 57% who may see a reduction in their taxes, will they be forced to either put that money back into the economy or create jobs?

            What Republicans fail to see is that we are a demand-based economy, not supply. Remove the demand by taking money from the middle and lower classes and you will see the economy tank, and take the upper class with it.

  • March 26, 2015 at 1:29 pm
    Crain says:
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    I have been a life long Republican. I have watched this party implode with greed, self absorption, and lies. I have little to no more regard for the Democrats. This tax benefits 3/1000th of 1 per cent of the population. If there ever was an elite tax exemption for the wealthiest few, this is it. If you are not wealthy, how can you justify in your mind voting for these frauds? They clearly care nothing about 99.997% of the U.S. How is that representative?

    Ron, your points are well taken.

    • March 26, 2015 at 4:02 pm
      Agent says:
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      Crain, if you have been a life long Republican, you sure don’t talk like it. You sound more like a life long Democrat or a Ron like Independent. The Democrats lead Republicans by a country mile on greed, self absorption, lies, corruption, breaking laws, not enforcing the ones on the books, disastrous policies. I could go on. Are there some corrupt RINO’s? Sure, but they are in the minority and there are many good Republicans who want to fix the government, reduce taxes, reduce the size of the Big Brother government and that is just what the country needs.

      • March 26, 2015 at 4:26 pm
        Ron says:
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        Agent,

        Good job insulting a fellow Republican. Then you wonder why your party is shrinking and cannot get a candidate elected president.

        Who are these, “many good Republicans who want to fix the government, reduce taxes, reduce the size of the Big Brother government” and what exactly have they accomplished in meeting those goals?

        • March 26, 2015 at 5:26 pm
          Agent says:
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          He is not a Republican Ron, perhaps a RINO at best. The ones who are the good Republicans are the ones who handed the Democrats their heads in the last mid terms. Were you completely asleep at the switch? The biggest surprise to me was Rauner beating Quinn for Illinois governorship. We did get several other long term Dems sent packing as well in many states. By the way, 36 Republican governors now with Republican legislatures. Only 14 Democratic governors left including NY with Cuomo. What a joke! High taxes, high regulation, high cost of living and they keep electing them. Way to go Low Information voter Ron.

          • March 27, 2015 at 9:16 am
            Ron says:
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            Agent,

            Is it your official job to decide with what party each person is allowed to be affiliated?

            If your definition of a good Republican is someone who believes it is more important to protect the wealth of the top .2% than lower 43%, you are going to have very, very few good Republicans.

            I am still waiting for your good Republicans to start governing. My guess is that it will not happen. All they will do is pass partisan laws that have no chance of being signed by President Obama and no chance of a veto override. They have been in charge for over 2 months and have accomplished nothing good for the country.

            I voted against Governeor Cuomo in the last election. Is that what you mean by low information voter?

            I am willing to answer your questions, even your loaded Conservative questions. Why will you not extend the same courtesy?

  • March 26, 2015 at 3:32 pm
    FFA says:
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    Its a catch phrase… “We are trying to cut taxes and the Dems wont let us”. “He vetoed the tax cut we presented”.

    Pub stunt. That is all this is. I hope its just as effective as “You can keep your plan”. “This will make health care more affordable”. Maybe in this instance, the law will be followed no matter how its intended vs how its written.

    • March 30, 2015 at 9:46 am
      Agent says:
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      Some good news FFA. Dirty Harry Reid is finally going to retire to his Pomegranate farm. He is easily the worst majority leader the Senate has ever had. Another old Progressive Liberal Democrat bites the dust.

      • March 30, 2015 at 10:04 am
        Ron says:
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        Agent,

        I agree with you.

        • March 30, 2015 at 5:37 pm
          Agent says:
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          Now if we can just get Schumer, Boxer, Feinstein, Rangel, Waters, Pelosi and a couple dozen others out of there, we have a chance to turn it around.

          • March 31, 2015 at 8:18 am
            Ron says:
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            Agent,

            Please stop. I don’t think I handle agreeing with you much more.

          • March 31, 2015 at 9:42 am
            Agent says:
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            One agreement every 1000 posts should not put too much of a strain on your Progressive brain Ron. Please stop trying to convince us you are an Independent. Most Independents favor the Conservative approach. You are definitely in the minority that think Progressivism is the way to run things.

          • March 31, 2015 at 10:09 am
            Ron says:
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            Agent,

            Why must you ruin a good moment for us? Makes you look small and petty.

          • March 31, 2015 at 10:34 am
            Agent says:
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            Ron, why must you insult me at every opportunity? You really showed your true colors. Your mantra is to agree and then insult. Why am I not surprised? You have done it consistently so I do give you credit for that. The problem you have is that you cannot defend your true beliefs and that causes problems. Why not just come over to the Conservative side? You will be happier as a result.

          • March 31, 2015 at 10:53 am
            Ron says:
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            Agent,

            So, I agree with you 100% on 2 posts and you still needed to insult me.

            The biggest problem I have with the Conservative side are your social beliefs that I believe are anti-freedom and anti-liberty. Specifically on gay marriage, abortion, legalization of marijuana, and feedom from religion. I would also like to see Conservative Christian politicians act more like Christ and show more undersatnding to the poor and less fortunate instead of making assumptions and passing judgement.

  • March 30, 2015 at 5:49 pm
    Paris Hilton's Brother says:
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    Listen up, peasants! I have every right to my daddy’s money! I earned it! I deserve it! I want it! It’s mine! You can’t have it! I’m better than all of you!

    • March 31, 2015 at 11:52 am
      Agent says:
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      Wrong again Progressive Ron. There is nothing wrong with my Social beliefs. However, the Progressives wanting to shove their agenda down my throat irks me no end. You have been brainwashed and don’t even know it. Billy Graham said it best. He knew where he was going when he dies, do you?

      • March 31, 2015 at 12:11 pm
        Ron says:
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        Agent,

        I did not say they was anything wrong with your Conservative social beliefs, only that I do not agree with them because I believe they restrict freedom and liberty. You are free to believe whatever you wish. I only ask that you extend the same courtesy to me.

        So, you believe that I have been brainwashed to think people, not the governemnt, should be able to choose what is best for them? Interesting viewpoint from a Conservative. The fact that you believe the government should control what people consume, whom they marry, what they do while driving, and what they believe (or don’t believe) sounds more like brainwashing.

        Nobody, including Billy Graham KNOWS where they are going when they die, if anywhere. There is a reason religions use the terms belief and faith. Open your eyes.

      • March 31, 2015 at 12:12 pm
        Ron says:
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        Agent,

        One other thing, why are you replying to Paris Hilton’s Brother’s post and not mine?

        HYPOCRITE!!!

        • March 31, 2015 at 5:37 pm
          Agent says:
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          Ron, are you so stupid you didn’t know that Paris Hilton’s brother is boogereater trying to sew dissension on this blog? The language is unmistakable.

          By the way, if you don’t know where you are going for your belief system, you are in for a very ugly surprise. God created Adam & Eve, not Adam and Steve. You are a very good example of an Atheist Progressive Socialist.

          • March 31, 2015 at 7:31 pm
            Ron says:
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  • April 1, 2015 at 9:49 am
    Agent says:
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    Ron, how many committed Homosexuals ask God for forgiveness for their sins? The Bible is very clear on this issue. I don’t respect deviants like you do. They are pathetic and now militant that their rights are more important than straight people’s rights. They also tend to vote Democratic since Democratic candidates cater to them and liberal Independents like you.

    • April 1, 2015 at 10:21 am
      Ron says:
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      Agent,

      Where is homosexuality in the 10 Commandments? When did Jesus speak against homosexuality?

      Homosexuals are no more deviant than you or I and do not want more rights, just equal rights. African Americans had to, and continue to struggle for equality. Do you have any SCIENTIFIC proof than homosexuality is a choice? Why would so many people choose an “unnatural” lifestyle that leads to ridicule, bullying, and demeaning behvior against them? How come so many commit suicide because they hate themselves for being homosexual?

      I know you won’t answer my questions, or you will deflect to something irrelevant because you think I am demanding answers. I just hope these questions make you think more and stop being such a close-minded, unChristian bigot.

      • April 1, 2015 at 12:02 pm
        Agent says:
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        It is interesting that you mentioned African Americans in your tirade. There was just an article published and reported through GOPUSA today that 34,000 Black Churches from 15 denominations and 15.7 million members have pulled away from Presbyterian Church USA because of its newly declared endorsement and acceptance of same sex “marriage” through a recent vote. The separation through the National Faith Based Initiative have rallied behind the Word of God and acknowledge that the PC USA is now preaching another gospel apart from the Gospel of Christ. They cited Galatians 1: 6-9. If anybody is preaching to you a gospel other than what you accepted, let him be eternally condemned.

        • April 1, 2015 at 12:32 pm
          Ron says:
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          • April 1, 2015 at 3:43 pm
            Agent says:
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            We know Ron, you are for “if it feels good, do it”. That started in the Slick Willy administration and has only accelerated during Obama. Moral decay led to the downfall of Rome and it will lead to this country’s downfall unless good people stand up to it and call it what it is, just plain wrong. I just confirmed you don’t know right from wrong. I can only conclude you weren’t raised with a good moral compass. Your father in law did have it right.

          • April 2, 2015 at 7:50 am
            Ron says:
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  • April 6, 2015 at 5:28 pm
    Agent says:
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    Ron, you have “no” moral compass to go by and you have proved it on multiple occasions per your posts. The difference between Jefferson and Clinton is that almost no one ever knew what he or other Presidents were doing when they were in office. Clinton’s transgressions were well publicized and frequent. By the way, you still don’t know right from wrong since you voted for Obama.

    • April 7, 2015 at 8:23 am
      Ron says:
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      Agent,

      Just because your definition of a moral compass may be different than mine does not mean I do not have one. The fact that you insulted my parents and how I was raised, based on a couple posts, speaks volumes about how judgemental you are. From what I have read in the Bible, you are doing work WAY above your job grade. You better get right or you will be awfully warm in the afterlife.

      The act itself determines morality, not whether or not it has been publicized. President Kennedy’s transgressions were well publicized as well. Is that going far enough back for you?

      Knowing right from wrong is based on one’s opinion of right and wrong. Do you think it is right for people who earn their money to pay more in taxes than those who do not?

      • April 7, 2015 at 3:06 pm
        Agent says:
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        Ron, I hate to disappoint you, but JFK’s transgressions were not well publicized until long after his death. Slick Willie’s were on national TV when he wagged that finger at the camera and denied having sex with that young woman, Monica Lewinsky. Oops! You mean I did something wrong lying in front of a Federal Grand Jury about this? I am the President and we should get back to the important business of the country. Impeached? All that happened was Monica making camp under my desk. What is wrong with that? It felt good, so I had her do it.

      • April 7, 2015 at 3:20 pm
        Ron says:
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        Agent,

        Why is it so difficult for you to answer questions?

        Do you think it is right for people who earn their money to pay more in taxes than those who do not? It is a simple yes/no question.

        What is more important when it comes to morality, the act or the public notification? We may not have known about about President Kennedy’s transgressions until after his death, buit it was well before President Clinton.

        For the record, I think President Clinton should have been removed from office for lying to a Federal Grand Jury. How Liberal of me.



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