'Total Hypocrisy!' Sanders Rips GOP for Pushing Estate Tax Repeal While

[turbinetree]

Rejecting Covid Relief as Too Costly

Published on Friday, March 12, 2021 by Common Dreams

"While Senate Republicans told us we cannot afford to provide $1,400 direct payments to the working class, they had no problem introducing a bill this week to repeal the estate tax."

by Jake Johnson, staff writer
?itok=NNS1kBPA

Sen. Bernie Sanders, chairman of the Senate Budget Committee, called out Republican members of Congress on Thursday for demanding a permanent repeal of the estate tax—a move that would overwhelmingly benefit the wealthiest Americans—while simultaneously rejecting the new coronavirus relief package as "partisan and wasteful."

"While Senate Republicans told us we cannot afford to provide $1,400 direct payments to the working class," the Vermont senator said, "they had no problem introducing a bill this week to repeal the estate tax which would provide a $1.7 trillion tax break to the billionaire class. Total hypocrisy!"

https://www.commondreams.org/news/2021/03/12/total-hypocrisy-sanders-rips-gop-pushing-estate-tax-repeal-while-rejecting-covid

Reminds ,me of Clay Jones Cartoon for today:



Cartoon: Who's a good boy?
By Clay Jones -March 12, 2021 9:00 AM

[dalton99a]

1. Kick

[mobeau69]

2. Go Bernie. The populace needs to be educated about this tax.

The right wing has a lot of poor suckers thinking this is a tax on them.

[BobTheSubgenius]

3. "overwhelmingly benefit the wealthiest" is softening that assertion by leaps and bounds.

The universal estate tax exemption is $11,500,000. If your estate is worth more than $12M, I would posit that your family is not in serious financial trouble. And, if they are, it's totally their fault.

[Claire Oh Nette]

4. The Estate Tax

All those idiots who think their going to lose something if the estate tax is in place--you get $5.5 million dollars per person tax free in an inheritance. Might be more now. $!!,000,000 for a married couple.

Most Trumpanzees and cultural republicans will never see $1,000,000, let alone $5.5 million. But they're worried the Govmint might take their children's inheritance. From their $40,000 a year job. People who might, just might inherit millions from a parents' estate probably know enough to have a trust set up.

We need a wealth surtax, we need the .1% financial transaction tax for trades, we need to return to Clinton era 39% top marginal tax rate, or even the Regan era rates. We have plenty of money and revenue in this nation. We just have phucked up priorities.

Tax them at the top until philanthropy makes a big comeback!

[crickets]

5. Excellent post. nt