60 Plus Chairman: Seniors Stand Against Death Tax Compromise
"While the public wants to bury the onerous estate tax, special interests led by Sen.
"Let me be clear: 60 Plus and its seven million members are standing against compromising on the abolition of the death tax, and will not stand for tinkering around the edges that helps lawyers and accountants more than family businesses and farms.
"Under this compromise scenario being considered, there would presumably be fewer small businesses, family farms and ranches hurt by this onerous tax. In what world is that a good thing? It's time that
"We are finally ending the crushing, the horrible, the unfair estate tax, or as it is often referred to, the death tax.... That means, especially for all of you with small businesses that are really tremendous businesses, you'll be able to leave them to your family, and your family won't have to run out and do a fire sale to try and get the money to pay the tax."
"What happened in the weeks after
"Ignored in all this are the real-life examples of family farms, ranches and businesses that are adversely affected by the tax while the media zero-in on the false narrative about tax cuts for the rich. This is why so many seniors are morally opposed to this tax.
"I sincerely hope that Republican leaders do not expect us to forget the 20-year battle to abolish the death tax - a crusade that was reaching a peak just one month ago as the president promised a farmer on live television that he would end the death tax.
"For politicians of all stripes, they can take comfort in knowing that the public is overwhelmingly on the side of repeal. As recently as
"This perspective is shared by Rep.
"I urge Chairman Hatch and his colleagues to not go wobbly on abolishing a tax that punishes grieving family members following the death of a loved one. This is a tax that hurts family farms, ranches and small businesses. I urge them not to listen to the false narrative that this is a tax cut for the rich. That is nonsense; it's tax relief that helps preserve family owned businesses that cannot afford pricy estate planning lawyers.
"This is not the time to get squishy on abolishing the death tax. If
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