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Wall Street Journal Letters to the Editor

Responses to Robert Rubin and Julian Robertson's op-ed

...If I go to Las Vegas and blow it all on gambling, women and booze, the government will leave me alone. But if I decide to give it to my children, the government wants 45% off the top. Apparently this makes complete sense to Messrs. Rubin and Robertson...

Carroll: A less greedy estate tax

Denver Post

We've all known a spoiled heir or two whose sense of entitlement might have benefited from having had to work for a living. But for every such eternal brat, there are others, equally blessed at birth, who contribute as much as they do to society precisely because they were born free from material want and able to pursue dreams that otherwise would have been extremely hard to fulfill.

McConnell says Dems short tax votes

By MEREDITH SHINER | 9/2/10 12:38 PM EDT

Senate Minority Leader Mitch McConnell (R-Ky.) believes Senate Democrats and the White House might not have the votes to repeal the Bush era tax cuts for the wealthiest two percent of Americans.

Grassley: Senate will reach deal on estate taxes by year's end

by Michael O'brien - 09/02/10 11:24 AM ET

Congress is likely to finish work this year on setting a permanent estate tax, Sen. Chuck Grassley (R-Iowa) suggested Thursday.

Grassley, the ranking member of the Senate Finance Committee, suggested that Congress is likely to settle on an estate tax rate this year, and exempt up to $3.5 million of estates from taxation.

Killer Taxes on the Living and the Dead

Murray, Rossi clash on tax-cut renewal

Rossi has particularly highlighted his opposition to the federal estate tax with visits to area businesses, including Seattle's GM Nameplate.

The forgotten tax that haunts family-owned business

With all the focus on eliminating the Bush tax cuts and spurring the economy, President Obama and Congressional Democrats are tripping over themselves touting their small business tax breaks this election season. What they’re not mentioning is an automatic tax increase that will hit family-owned businesses hard, starting on New Year’s Day.

Save-the-Date: Educational Briefing on Estate Tax Policy, September 16, 2010

The American Family Business Foundation (AFBF) will host a luncheon briefing on September 16, 2010, to discuss what the return of the estate tax will mean for family business owners, workers, wages, and Americans needing jobs.

At the briefing, AFBF will release its new study analyzing the impact on hiring, payroll, and capital outlays of raising the estate tax from zero to as high as 65 percent, as Sen. Bernie Sanders has proposed. The findings will be presented by American Action Forum President and former Director of the Congressional Budget Office, Douglas Holtz-Eakin, who authored the report for AFBF.

Senator Max Baucus Says Congress Will Likely Decide Death Tax Next Month

An area farmer who attended the meeting told Baucus that his father recently passed away and he was confused about the state of the estate tax.

Baucus said that issue will likely be decided by Congress next month.

Farmers fear return of estate tax

Toll hits asset-rich, cash-poor farms especially hard

Bill and Carol Chandler have long dreamed of passing down the family's Selma farm to their two sons.

But with a rollback of federal estate taxes set to expire in January, they might have to rethink those plans.

Unless Congress intervenes, their kids would face a tax of up to 55% of the value of the estate, up from 0% this year.

Death tax games: Playing with farmers' lives

Call it a tribute to farmers' resilience and business sense. Or maybe it's just that farmers tend to keep their mouths shut about their personal business. Either way, annoying background noise muffles the voices of farmers who oppose the death tax or have been harmed by it.

Tags: farmers, ranchers, agriculture, death tax, estate tax

Congress and Estate-Tax Revisions

Wall Street Journal

Estate Tax Press Conference: Sharron Angle to Sign Death Tax Repeal Pledge - Las Vegas

The American Family Business Institute (AFBI), a Washington-based trade association representing family-owned businesses, ranches and farms, will host a July 22 press conference in Las Vegas with U.S. Senate candidate Sharron Angle and Brady Industries’ President Travis Brady on estate-tax repeal.

ESTATE TAX PRESS CONFERENCE:

Sharron Angle to Sign Death Tax Repeal Pledge at Reno’s Advanced Refining Concepts’ Facility

Tags: nevada, press conference, repeal pledge

“Responsible Estate Tax Act” is Irresponsible

Congress Should Focus on Repeal, not Reinstatement

Washington, D.C. – Yesterday Senators Bernie Sanders (D-VT), Sheldon Whitehouse (D-RI), Tom Harkin (D-IA), and Sherrod Brown (D-OH) introduced the misnamed “Responsible Estate Tax Act,” which seeks to impose death tax rates topping 65 percent.

Tags: sanders, whitehouse, harkin, death tax, small business, family business