To the Editor:
Our congressman keeps expounding his amazing ideas. His latest is to do away with inheritance taxes to help small businessmen and farmers. Bear in mind that he has said repeatedly that one of the most important issue is to balance the budget. The fact that this would increase the federal deficit big time never seems to occur to him.
As the law now stands, estates with less than about $5 million are totally exempt from federal inheritance tax. You mean to tell me that estates of over five million are those of small businessmen and farmers. How about billionaires? Wouldn’t they benefit? Of course they would. Who does he think he is fooling? Are we so naïve to believe that people who have more than five million are small businessmen?
A review of his voting record shows that he has voted repeatedly to repeal Obamacare. In other words, he is opposed to helping the millions of people who cannot afford health care at all. But it is essential to help the billionaires. They need a tax cut. As he well knows, these efforts to repeal health care will fail anyway. It would never pass the Senate, nor would the president sign it. Did we ever hear his views on gun control or reform of the immigration system?
Do we really want a landed aristocracy in this country? Remember what England was like many years ago. They had a landed aristocracy that never worked. Is that what we want in this country?
Edward Lynd Kendall