“For the ultrawealthy, the document floats eliminating the federal estate tax, at an estimated cost of $370 billion in revenue for the government over a decade. The tax, which charges a percentage of the value of a person’s fortune after they die, kicks in only for estates worth more than around $14 million.”
So cut $37 Billion/year the government gets from dead rich people and make up for it…by slashing benefits for the middle class and poor. Truly the party of the people.
“For the ultrawealthy, the document floats eliminating the federal estate tax, at an estimated cost of $370 billion in revenue for the government over a decade. The tax, which charges a percentage of the value of a person’s fortune after they die, kicks in only for estates worth more than around $14 million.”
So cut $37 Billion/year the government gets from dead rich people and make up for it…by slashing benefits for the middle class and poor. Truly the party of the people.