Turns out only a couple dozen farmers would actually benefit from repeal of the estate tax -- more sensationally know as "the death tax."
The Congressional Budget Office looked into the matter and came up with a surprisingly small number.
But Al Kamen at the Washington Post points out it doesn't include all "farmers" -- like city slickers who own farmland on the side.
Some of the people in DC who have heirs benefiting from repeal of the estate/death tax:
The Congressional Budget Office looked into the matter and came up with a surprisingly small number.But Al Kamen at the Washington Post points out it doesn't include all "farmers" -- like city slickers who own farmland on the side.
Some of the people in DC who have heirs benefiting from repeal of the estate/death tax:
- President Bush's -- $800,000 - $6 million break for his heirs
- Defense Secretary Donald Rumsfeld's -- $101 million or less in tax savings
- Vice President Dick Cheney and 11 Cabinet Members -- combined $344 million in tax savings
- The 20 wealthiest Congress members who support the tax's repeal -- $200 million in tax savings
(WashPost)
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