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That's how they think middle class would spend the money if they were given a tax-cut, which is why they gave it to the elite instead.
His comment reveals how they see the hard working middles class Americans.
They see hard-working Americans as their base, and the ones that pay their taxes and don't leech off of Uncle Sugar.
Farmers, Plumbing contractors and Bakery owners already paid taxes on their income. Only a Leftist would see a need to tax these same assets again when the owner dies. Get my drift? The pendulum is swinging!
They are referring to people who do not qualify for the estate tax, which means 99% of Americans, because the tax affected only those who were to inherit $5 million or more.
So a paving contractor's children should shut the business down to pay the taxes? We're listening.
I think its time for Grassley to go out to pasture, isn't he around 80 years old. I guess he was born during the great depression so maybe that influenced him.
They see hard-working Americans as their base, and the ones that pay their taxes and don't leech off of Uncle Sugar.
Farmers, Plumbing contractors and Bakery owners already paid taxes on their income. Only a Leftist would see a need to tax these same assets again when the owner dies. Get my drift? The pendulum is swinging!
Grassley thinks you're a boozing womanizer.
but I'm sure he's grateful for your support! (not)
“I think not having the estate tax recognizes the people that are investing,” Grassley told the Register in a story published Saturday. “As opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”
This is the same old rhetoric used for Reagan's "trickle down" nonsense. What happened then is that the rich did not "invest" in America. Instead, they "invested" in off-shore bank accounts and began offshoring American manufacturing and jobs.
As for Americans "spending every darn penny they have, whether it's on booze or women or movies": Apart from the appalling insult to hardworking American people, most of whom "spend every darn penny they have" trying to make ends meet, is he seriously suggesting that the rich don't "spend every darn penny they have" on obscene self-indulgences, such as multiple opulent homes, international shopping sprees, "fabulous" parties, etc.?
It's clear as day, with this tax bill, that Republicans have nothing but contempt for the average American, and anyone who continues to support their lying, bloated a$$e$ is lost in serious denial and/or is suffering from Stockholm syndrome, thinking that their leaders are faultless and guiltless and have their best interests at heart. There has never been such blatantly open contempt for the American people. First, Trump says he could shoot someone in the street and still his base would vote for him (he was laughing at his own base with this statement), and now Grassley. When will their followers wake up?
So a paving contractor's children should shut the business down to pay the taxes? We're listening.
Do you have an example for that anecdote. There are less than 5000 families that are impacted by the estate tax in some degree, less than .2% of tax filings. Its a tax, they aren't seizing their property because they have over $5M. The average tax is around 17% so your doomsday scenario is hyperbole.
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