To: Senate Democrats
Tax Ben & Jerry
If Senate and House Republicans have their way, they will eliminate the estate tax, which affects only the wealthiest 0.2% of taxpayers. Repealing the estate tax would hurt our economy and be fundamentally unfair. Senate Democrats: Stand with us--and stay united against the repeal.
Why is this important?
Republicans in Congress are trying to pass an unnecessary tax giveaway to America's wealthiest citizens.
The estate tax, which the U.S. has had for more than a century, currently affects Americans with estates worth at least $5.4 million, or $10.8 million for a couple--only 1 out of every 500 taxpayers. And yet, it's been a target of right-wing lawmakers, working on behalf of their wealthy donors.
Congress has shrunk the estate tax in recent years—and now the Senate and House, in advisory votes largely along party lines, have voted to repeal it entirely. When the Republicans press this issue again, Senate Democrats will need to be ready to beat back the repeal and block this latest Republican giveaway to the superrich.
Good grief, Congress. With all this going on, are you really going to give another tax break to those who need it least?