Waxman Press Release: ET Repeal Would Benefit Bush, Cheney

Representative Henry Waxman (D-CA) released a fact sheet today highlighting the estate tax. The fact sheet shows that estate tax repeal would save the heirs of President Bush, Vice President Cheney, and the Cabinet somewhere between $91 - $344 million, aggregate. These numbers are based on the estimated wealth of Bush, Cheney, and 11 members of the cabinet. Estate tax repeal, which may see a floor vote this week, would benefit less than the top 2% of the wealthiest families in America, at the expense of social programs, the charitable sector, and the nation's fiscal health.
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