Business Week Supports Estate Tax
by Guest Blogger, 2/25/2005
An editorial in this week's edition of Business Week came out in favor of a fair and responsible estate tax as a means to generate needed national revenue. The editorial said this:
"An estate tax that protects families, small farmers,and businesses can still generate tens of billions of dollars in revenues. Letting lapse the income tax cut of the highest income bracket could also generate billions of dollars of tax revenue that could pay for the teachers and emergency responders who will lose their jobs under budget proposals to reduce federal aid to cities. The budget also calls for cuts in Food & Drug Administration inspections of imported food and medicine -- right after a British plant supply half the flu vaccine to the U. S. was closed due to contamination."
