Republicans and Democrats can agree that the time has come to bury the death tax deep in the ground where it belongs. The death tax is fundamentally unfair, it undermines the economy and it produces virtually no revenue after all is said and done. Americans know in their hearts that death should not be a taxable event and they look now to their senators in Washington to do what is right when this vote comes up in May. |
That doesn't help anybody. It certainly doesn't help the people who work for these businesses. |
They are simply revealing who they are, and they are making it known to those of us what death-tax repeal is really about. It's about class warfare, and it's about a group of people whose belief system is that one of government's jobs is to take property away from those who have gathered property in their lifetime and redistribute it. |
This forces family businesses to sometimes sell off under fire-sale conditions to come up with cash. Sometimes it causes them to go into a decade or more of very, very deep debt, which takes away their capital and their ability to grow as they had been growing, to provide more jobs and employment opportunities. Sometimes they end up having to slice off parts of the business or farm to come up with the cash. |