Curtis Dubay / @CurtisDubay
President Barack Obama isn’t afraid to enact his agenda over the will of Congress. At this late stage in his presidency, he’s still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax.
Conservatives have successfully lessened the impact of the estate tax, colloquially known as the “death tax,” in recent years. In 2000, before George W. Bush became president, the death tax had a rate of 55 percent and struck families with assets valued at $675,000 or more.
Today, because of the 2001 and 2003 Bush tax cuts, the rate is down to 45 percent and only estates worth over $10 million face the tax. This is a victory conservatives should be proud of. Of course, there are no permanent victories in Washington, especially when it comes to tax policy. Raising the death tax is a perpetual desire of liberals. They see this tax as a necessary tool to stop wealth from being concentrated among a few families........To Read More....
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