1 of 1- Goose
- Cogito ergo sum
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- Registered: 1/29/2015
- Posts: 13,427
Who Da Thunk It?
Looks like Steve hasn't gotten the memo that the Trumpers must get people to not believe what is obvious.
Mnuchin Says Estate Tax Repeal Will Help ‘Rich People’ Most
WASHINGTON — President Trump and Republican leaders have positioned a proposed repeal of the estate tax as a way to help farmers, ranchers and small business owners. But on Friday, Steven Mnuchin, the Treasury secretary, offered a significant concession about who would benefit the most if the so-called death tax disappears: the rich.
Speaking at the Institute for International Finance conference, Mr. Mnuchin said the estate tax should be eliminated for both philosophical and economic reasons. He said that many taxpayers give the government half their income during their lives and that they should not have to give away a big chunk when they die — even if their families are wealthy.
“Obviously, the estate tax, I will concede, disproportionately helps rich people,” Mr. Mnuchin said of the administration’s proposal to repeal the measure.
Mr. Mnuchin’s comments contrasted starkly with his boss, President Trump, who pilloried the estate tax in a speech in Indiana last month by saying it is a drag on the working class.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.