Tax cuts for ultra-rich
Last week the U.S. House of Representatives passed, by a straight-party vote (240-179), the “Death Tax Repeal Act of 2015.”All Republicans voted yay.
If the bill manages to get passed by the Senate, it will be vetoed by the president. This bill is an astronomical tax cut for the ultra-wealthy and would cost us taxpayers $269 billion of lost revenue over 10 years. Dana Milbank, a Washington Post columnist, noted that the estate tax has been part of American tax law in some form, since 1797. The tax, Milbank explains, “is a shield against the sort of permanent aristocracy our founding fathers fought to rid themselves of.”
The proposed tax break is designed to benefit the wealthy two-tenths of 1 percent of Americans, 5,500 of the wealthiest households in the country.
This Republican-sponsored tax-scheme giveaway would, once again, come out of the hide of the middle class working taxpayer. So where were those Tea Party patriots when these ultra-wealthy billionaires were stealing the gold bars from the hen house?
They were out there beating on Obamacare and other federal and state programs that help the middle class scratch by. By default, the Tea Party is doing the legwork of the plutocrats. These patriots need to reread history and note that the American Revolution was about freedom from a perpetual aristocracy of immense wealth that purchased and wielded political power for their own gain.
Sadly, our congressman, Mick Mulvaney, voted for this larceny. No surprise here, as once again he votes against the middle class.
Edmund J. FitzGerald
Vote ‘yes’ for children
I am proud to live in a community where the leaders are devoted to creating a better future for our children. Therefore, I am voting in favor of the school bond on May 5 and would encourage you to do the same.
On May 5, go to the polls and vote yes for our children
James R. Robinson