Why Congress Needs to Address the Estate Tax
On which side of the grass would you rather pay taxes?
The inability of the senate to work out a compromise on a bill to reduce estate taxes while raising the minimum wage earlier this month shows how unwilling each side is to compromise in order to pass essential legislation. It is inconceivable that the Senate would adjourn without taking action to provide more incentives to hire illegal immigrants for unskilled employment or offer tax relief for wealthy people too ignorant to find a competent estate planner. In the interest of providing a legislative victory before the upcoming elections, I would like to offer an idea sure to mollify the masses so our legislators can get back to protecting these underrepresented groups. Simply put, eliminate the income tax and eliminate the estate tax loopholes.