The Jeffersonian: Politicks, Sports, and Culture

Tuesday, April 12, 2005

Paris Hilton

That title is partially up there to name this post and partially up there to frustruate googlers trying find pics of Paris Hilton. With the campaign finance reports just coming out, and the campaign news I've been writing about, I haven't really had the time to browse blogs outside of Texas. And there have been more than a few posts worth writing about. I don't have enough time to write about them all, but I will post on one extremely pressing subject.

Ezra and the Bull Moose write about the upcoming vote in the House that would permanently eliminate the Paris Hilton tax..er the estate tax. As we all remember, the estate tax according to the 2001 tax cuts, the estate tax would gradually be reduced through 2010 when it would be eliminated. It would then magically reappear in 2011. According to EJ Dionne, even a reduced estate tax would cover half of the Social Security shortfall. The estate tax would put $290 billion in the nation's coffers. If the tax cut were not made permanent, it would affect a grand total of 2% of the American population when it comes back in 2011. If Rep. Earl Pomeroy's (D-NJ) compromise bill were to be passed- raising the threshold to $3.5 million per person, $7 million per couple- three-tenths of one percent would be affected.

Seriously, what the hell is wrong with those guys in DC? Ezra's right, we need to be all over this thing. This vote comes up tomorrow, contact your Rep. and make sure your voice is heard.