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Liberal Billionaires to Call for More Death Taxes

true liberal Wrote: Dec 11, 2012 6:36 AM
You have to hand it to the Left and the Dems. They really know how to demagogue an issue. Death taxes Let's roll out the super rich and make everyone believe that it is only the super rich that will pay. Where is the GOP? Are they fighting this nonsense with publicity stunts like this? No they are quiet. Once again handing the issue to the Dems. Pathetic

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...