Categorized | General Interest

More on Immorality

A couple of days ago, I wrote about the immoral bill that the House passed, linking the estate tax to the hike in the minimum wage. As Harry Reid is pointing out, in threatening to launch a filibuster in the Senate, the estate tax cut will cost taxpayers $300 billion. The truth is that if the rich get yet another tax break, each of us will end up paying for the cut–either through higher taxes or cuts in programs. That’s the irony of this linkage–pretend like you are giving slightly more money to the working poor and, at the same time, slip them a tax increase that they won’t notice.

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