Republicans Mock Rescue Plan While Pushing A Tax Cut For The Richest – By Arthur Delaney and Igor Bobic (Huffpost) / Mar 11 2021
Even during a pandemic with high unemployment, Republicans are still mad about the estate tax.
The American Rescue Plan that Congress passed this week is a giveaway to people who don’t really need help, according to Republican lawmakers.
States are getting a “bailout” and parents will receive “sweeping new government benefits with no work requirements whatsoever,” as Senate Minority Leader Mitch McConnell (R-Ky.) put it on Thursday.
At the same time, Republicans say, America’s richest heirs need relief from estate taxes that might take a chunk out of their inheritance.
McConnell and half the Senate Republican Conference this week reintroduced their bill to repeal the estate tax, which applies to a portion of the estates of a tiny fraction of the very richest Americans after they die. Republicans already reduced the tax in the 2017 Tax Cuts and Jobs Act, but have continued to introduce symbolic bills in each new Congress that would fully repeal the tax.
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