Received a Tweet from Peter Roskam wanting to know what I thought about his floor speeech regarding the estate tax, which Peter and other wingnuts like to call the “death tax”.
Well. I always want to do my part to help my Congressman so here goes.
First off, I was pleased to hear him name publicly one by one the interest groups to which he is beholden: U.S. Chamber, National Association of Manufacturers, etc.
I was also impressed by Peter’s emotion, the passion that this issue arouses in him. Thought his hairpiece was going to fly off at the end 
.
What troubles me deeply, however, is that it it is only taxes on rich people that can get Peter aroused this way. Not homeless veterans on the streets of DuPage County, not children in Wood Dale without adequate health care, not torture and illegal detention authorized by the President and Vice President in Washington. Nope. Just taxes on rich white people in Wheaton, or in this case, rich dead white people in Wheaton.
The truth about the estate tax, which Peter Roskam is unwilling to share with you, is that the estate tax will affect only 0.24 percent of all people who die in 2009, individuals who die with an estate valued at $3.5 million or more or married couples (heterosexual) with an estate of $7 million or more. What’s really sad is that Peter Roskam has chosen to use his seat in Congress, OUR seat in Congress, to represent the financial interests of only that tiny fraction of the residents of his district.
Repealing the estate tax, as Roskam, would have us do, would cost billions in reduced revenue, necessitating either increased taxes on the poor and middle class or major reductions in spending. Cuts to the bloated defense budget, of course, are off limits, to Peter and his Republican colleagues, so cuts would have to be made for things like college financial aid, food stamps, Medicare, veterans services, childrens’ health care – all those programs to help poor and middle class families that Peter has fought against so vigorously during his time in office. More than likely, it would be a combination of both increased taxes and reduced services that would be required to give this expensive gift to a few very wealthy dead people.
So, thanks, Peter for letting me know about your speech. I honestly have to say though that I didn’t care for it much.
Related posts:
- Peter Roskam Acts to Protect Offshore Tax Havens for the Rich
- Middle Class, Schmiddle Class Part III
- Peter Roskam Votes Against Estate Tax Relief for Families, Small Businesses, Farmers
- Millions for Big Business, Not a Cent for Children
- Roskam’s Medi-Fraud Alert Highlights Obama’s Vigorous Efforts to Combat Medicare Fraud
