Sen. Jim Bunning, R-Ky., has put a hold on the extension bill, but one of the key reasons the measure is blocked is the effort of Sen. Jon Kyl, R-Ariz., to use it as a way of forcing a cut in the estate tax. Kyl is essentially leveraging the unemployed to get a deal on estate tax relief that would cost $138 billion over the next decade, according to estimates by the Center on Budget and Policy Priorities. The estate tax has already been cut sharply, so the reduction Kyl is pushing along with Sen. Blanche Lincoln, D-Ark., would affect the estates of fewer than three out of every 1,000 people who die, according to the Tax Policy Center.

The proposal helps estates worth more than $7 million in the case of couples. I guess struggling millionaires deserve the same empathy we feel for those without a job.



source: http://www.truthout....partisanship57270