Yesterday, as the U.S. Senate considered their budget resolution, an amendment was narrowly approved by a 51-48 vote to actually further cut estate taxes for the wealthiest .2 percent, increasing the exemption from $7 million to $10 million dollars for a couple.
While the provision is nonbinding, it still sets the tone in the Senate for fiscal and tax priorities. And we don't like what we're hearing.
This terrific New York Times editorial lays out the case for why this is such a terribly flawed push toward bad fiscal policy, and why it amounts to fighting the same cooked up, tired battles of yesterday, in the face of an unprecedented economic crisis. Ladies and Gentlemen, your 2009 United States Senate!
On the positive side though, we have to express our thanks and appreciation to Senators Udall and Bennet for voting against this absurd amendment. It's nice to see some Colorado common sense being exercised in the halls of Congress.
While the provision is nonbinding, it still sets the tone in the Senate for fiscal and tax priorities. And we don't like what we're hearing.
This terrific New York Times editorial lays out the case for why this is such a terribly flawed push toward bad fiscal policy, and why it amounts to fighting the same cooked up, tired battles of yesterday, in the face of an unprecedented economic crisis. Ladies and Gentlemen, your 2009 United States Senate!
On the positive side though, we have to express our thanks and appreciation to Senators Udall and Bennet for voting against this absurd amendment. It's nice to see some Colorado common sense being exercised in the halls of Congress.
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