Home > Domestic Policy, Montana > MT GOP misleads on estate tax

MT GOP misleads on estate tax

No surprise there, eh? Here’s a bit from the E-brief:

Repealing The Death Tax Is Important To Montana Farmers And Small Businesses

“Only 30 Percent Of Family Businesses Make It To The Second Generation And 13 Percent Survive To The Third.” (Op/Ed, Dick Patten, “Estate Tax Hurts Family Businesses,” Seattle Post – Intelligencer, July 28, 2005)

This is the only real statistic in the section. The other points are quotes from people saying the estate tax is bad, but without any evidence.

It’s an interesting statistic, isn’t it? What does it have to do with the estate tax? Nothing. No one has been able to find a small business or family farm that had to be sold to pay estate taxes. Very few even pay any estate taxes. The MT GOP is trying to insinuate that the estate tax is somehow responsible for this stat, but that’s all they can do. It’s bullshit and they know it.

Categories: Domestic Policy, Montana
  1. June 24, 2006 at 11:53 pm

    Jeff, these two PDF links at the treasury are very interesting indeed. Basically it says that liberal progressives don’t have a case because the “death tax”, yes, they really do call it that is unfair, stifles incentive, punishes virtue, and inhibits entrepreneurship.

    It says that liberal progressive arguments about charitable giving are all wrong, and that the estate tax doesn’t amount to enough for us to worry our silly little heads about it anyway.

    Who is this Jim Saxon (R-NJ) person and how did he get away with this in 1998 and in 2003 without anybody noticing? Of course he says that Clinton’s people agreed with him.

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: