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Estate Tax
After passing a $70 billion tax giveaway that goes mostly to the wealthiest Americans, Congress is already at it again. While that $70 billion boondoggle will cost working families in cuts to student loans, child care, job training, services for the elderly and many health programs, Congress is set to give another big break to the richest of the rich.
Congress is debating repealing the estate tax, which affects just the richest one-quarter of one percent of the population. And while only the very wealthiest would benefit from a repeal of the estate tax, the cost to working families would be enormous: $1 trillion in the first 10 years, according to government figures.
Tell your senators to stop giving tax breaks to the wealthiest Americans and work for working families for a change.
| Sample Letter for Campaign |
Subject: Oppose the Estate Tax Repeal
Dear [ Decision Maker ] ,
After passing a $70 billion tax giveaway that went mostly to wealthy Americans, it is unconscionable that Congress is now considering a repeal of the estate tax.
The estate tax affects just the wealthiest 0.27 percent of Americans, those whose estates are valued at $2 million (or $4 million for couples). While repealing the tax would benefit just that tiny sliver, the cost to working families would be enormous: $1 trillion in the first 10 years alone.
I urge you to oppose the permanent repeal of the estate tax and focus your priorities where they belong: helping America's working families.
Sincerely,
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Campaign Launched:
May 25, 2006
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After passing a $70 billion tax giveaway that goes mostly to the wealthiest Americans, Congress is already at it again. While that $70 billion boondoggle will cost working families in cuts to student loans, child care, job training, services for the elderly and many health programs, Congress is set to give another big break to the richest of the rich.
Congress is debating repealing the estate tax, which affects just the richest one-quarter of one percent of the population. And while only the very wealthiest would benefit from a repeal of the estate tax, the cost to working families would be enormous: $1 trillion in the first 10 years, according to government figures.
Tell Congress to stop giving tax breaks to the wealthiest Americans and work for working families for a change.
Supporters repealing the estate tax—a few wealthy families financing a huge propaganda campaign—have tried to paint it as a “death tax” that eats up inheritances as low as $1,000. But only those whose estates are worth more than $2 million (or $4 million for couples) are affected under the current law, meaning only the very richest Americans—just 0.27 percent of families—pay the tax.
The Bush administration and its allies in Congress have made their priorities clear. More tax breaks for the wealthy and cuts to the programs working families rely on. Write your senators and representative today and tell them these priorities aren’t your priorities.
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