2016 Postmortem

joshcryer

(62,276 posts) Sun Apr 19, 2015, 03:02 AM Apr 2015

US House passes tax cuts for 5400 of US's richest families. Would add $269 billion to deficit.

"It’s past time to repeal this unacceptable tax. Every American deserves the ability to pass their life’s savings to their kids," said Representative Tom Graves, a conservative Republican from Georgia.

Repealing the tax would boost the federal deficit by about $269 billion over 10 years, according to Congress' Joint Committee on Taxation.

Few Americans pay the 40 percent tax on assets above the $5.4 million exclusion amount. About 5,400 estates, equal to 0.2 percent of taxpayers, will owe such taxes in 2015, according to the JCT.

http://www.reuters.com/article/2015/04/16/us-usa-tax-estate-idUSKBN0N723C20150416

Republicans Aye: 233 Nay: 3

Democrats Aye: 7 Nay: 176

But there's no difference between the parties. None!

5 replies

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Highlight:

US House passes tax cuts for 5400 of US's richest families. Would add $269 billion to deficit. (Original Post) joshcryer Apr 2015 OP

Charming Sherman A1 Apr 2015 #1

Republicans always lie. They are not against raising the budget deficit. UCmeNdc Apr 2015 #2

They are a disgrace. joshcryer Apr 2015 #4

what happened to revenue neutral? pansypoo53219 Apr 2015 #3

The GOP has never ever represented it. joshcryer Apr 2015 #5

Sherman A1

(38,958 posts)

1. Charming

Reply to joshcryer (Original post)

Sun Apr 19, 2015, 03:17 AM

Apr 2015

but, where are the spending offset so dear to our GOP friends??????

UCmeNdc

(9,600 posts)

2. Republicans always lie. They are not against raising the budget deficit.

Reply to joshcryer (Original post)

Sun Apr 19, 2015, 03:30 AM

Apr 2015

Every single Republican voted for this bill. They lie when they say the budget deficit is a major concern to them. The Republicans only want to tax the middle class.