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Reply #57: What fucking hypocrite the Waltons are! [View All]

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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-05-05 11:35 PM
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57. What fucking hypocrite the Waltons are!
They donate to charities while the GOP is working diligently behind the scenes to push the elimination of the "death tax". The Waltons have greedily been pushing politicians to eliminate the estate tax and taxes on dividends for years.

They are disgusting pigs. They will save hundreds of millions in taxes if the Republican party pushes through their tax cut agenda.

Only a small number of people would benefit directly from a change. Of the 2.4 million adults who died in 2003, just 28,600 left estates that were liable for any tax, according to the nonpartisan Tax Policy Center. In other words, the levy fell on the richest 1.2 percent of Americans with the highest taxable estates.

Still, thanks to lobbying by the heirs of Wal-Mart stores, Mars candies and Campbell soup, the tax is close to becoming extinct. For nearly two decades, clusters of extremely wealthy people have campaigned to get rid of the tax on inheritances. NFIB, a Republican stalwart, joined the effort in the mid-1990s, bringing with it numerous small-business and farm groups.


http://www.detnews.com/2005/politics/0508/13/polit-279311.htm
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