Friday, June 24, 2005

Estate Tax Insanity

The New York Times has it right on the continuing efforts to reduce or repeal the Estate Tax. But there is one additional thought to consider -

What is the difference between the War of 1812, Civil War, Spanish American War, WWI, WWII, Korean War, Vietnam War, and Gulf War on the one hand - and the Iraq War/ War on Terror on the other. In the first group, we paid for the war in part by imposing or maintaining in place an Estate Tax that generated revenue from the most well off in our country. For the Iraq War we reduced and are on the verge of repealing the Estate Tax in place. I guess 9/11 really did change everything.

One can only hope that sanity will soon return to our Government.

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