147 - More Lies Than Ever Before: The Right-Wing Renews Its Assault On The Estate Tax
Today you'll hear all about the right-wing's dishonest, but unfortunately effective propaganda campaign against the estate tax.
A preview of the reality check I'll give you, all aspects of which are fully documented:
-- Only 1/5 of 1% of Americans will ever pay even a penny of estate tax. In other words, 99.8% of Americans will never pay any estate tax.
-- Less than 80 small businesses in the entire country will owe any estate tax in 2009, a year which employs the tax level Obama wants to keep.
-- 18 of the wealthiest American families have poured multiple millions of dollars into a lobbying effort to repeal the estate tax.
-- Cutting federal tax revenues by reducing or eliminating the estate tax is part of the larger right-wing strategy of "starving the beast," defunding the government so it has no money left for a social safety net.
-- Shredding the social safety net will increase human misery, suffering, pain and death.
Check out the podcast for all the details.
(PS: Right-wingers, if you want to write in to me, fine, but at least do me the courtesy of listening to the podcast first. Please don't respond just on the basis of the brief preview above. Thanks!!)
#147 Transcript as a Word document