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Liberal Billionaires to Call for More Death Taxes

McGovern Wrote: Dec 10, 2012 5:27 PM
Have to go, but here's one last shot. Right now, the U.S. has the highest corporate tax rates in the world. In our country, we see what taxes do to companies. There is a reason why California continues to lose businesses moving to Texas. Have fun, everyone!

Tomorrow in New York City, prominent liberal billionaires Bill Gates, former Treasury Secretary and co-chairman of Goldman Sachs Robert Rubin, Abigail Disney, Richard Rockerfeller and Vanguard Founder John Bogle will call for a hike in the federal death tax in order to "avert the fiscal cliff austerity bomb." In 2009, President Obama brought back the death tax after President Bush attempted to abolish it.

President Obama's budget keeps the estate tax at its 2009 level, which means the government gets 45 percent of a dead person's estate valued over $3.5 million dollars or $7 million for a...