US House to vote on estate tax roll-back-Hastert (end of estate tax)

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-07-26T142906Z_01_WAT006118_RTRIDST_0_CONGRESS-TAXES-URGENT.XML

WASHINGTON, July 26 (Reuters) - The U.S. House of Representatives will vote on legislation providing for a long-term rollback of estate taxes and extending other tax breaks this week, House Speaker Dennis Hastert said on Wednesday.

Asked by reporters outside the Capitol whether the House would take up the estate tax bill, Hastert said: "Yes." The Illinois Republican did not give details of that or the other tax breaks to be extended, but they are expected to include expired breaks for education, state sales taxes, and research and development.

...short blurb...

[SpiralHawk]

1. "I hereby pledge to take care of the wealthy" - Republicon Crony Credo

"And to tuck it to the American working men and women at the gas pump, so other corrput republicon cronies can bathe in massive piles of cash money bucks." - Repulicons

[sinkingfeeling]

2. Saw where Frist is trying to tack the repeal into the long-awaited pension

reform bill. Interesting the Democrats on the House Committee have been 'locked out' of the Senate/House negotiations. There were links to articles and a video of an outraged Dem. Rep. on a pension board I belong to.

[Acadia Blue]

3. Just pigs. Filthy Pigs. These people never have enough. They want

to create an entrenched aristocracy.

[dogfacedboy]

4. I hope with all my heart that the A-Holes who vote for this

die before the estate tax is repealed, and their heirs have to pay.
Talk about irony!!!

[w4rma]

5. This is their last chance to eliminate it for years to come, I think.

They are going to be pulling out all the stops for this fight.

[papau]

6. taxes pulled from Pension bill per WSJ n/t

n/t

[cascadiance]

7. They know that PUNITIVE tax measures are heading their way soon!

Whether it's escalating the estate tax or restoring higher top marginal income tax, there needs to be corrective action taken soon to avoid a depression. FDR knew that. Hopefully a new Democratic Congress (and someone like Russell Feingold as president) will know that and act when we have the power to put those changes through.