The Nation Weakens

There is a provision in the proposed federal budget bill to continue with a 45% death tax (inheritance). The passing of estates to heirs is one of the biggest capital generators for the country. For true stimulus, the inheritance tax must be eliminated. The quickest way to a balanced budget is to remove all forms of inheritance tax. Under Bush it was to be reduced to 35% in 2010, but the Obama budget will leave it at the current 45% rate. Inheritance tax is cruel and unusual punishment and destroys the life work of many small businesses, agriculture in particular. And, it is double taxation. This is nothing more than idiocy. It proves my points in The Stimulus Tragedy.

Branch Twigg