The estate tax just can't seem to stay out of the headlines lately. First, the New York Times
ran another great editorial
this morning browbeating the 10 Democratic and 41 Republican senators who voted to increase tax cuts for multi-millionaires
last week. The Times
held particular scorn for Sen. Blanche Lincoln (D-AR), who tried to justify offering the amendment to reward the super-rich saying it was really about small businesses and job creation. From the editorial:
The implication is that upon the death of an owner, estate taxes typically devastate small businesses and the jobs they provide. That is swill.