In the universe suddenly restored to its silence, the myriad wondering little voices of the earth rise up. Half of the money from the estate tax repeal, would go to 4,500 rich Americans, according to the Center on Budget and Policy Priorities . Only the estates of the two most affluent of every 100 American estates are currently taxed. All the arguments for repealing the estate tax are somewhere between spurious and purely absurd.
All money is taxed multiple times.
The estate tax is actually a conservative tax, that was not only strongly supported by the nation's founders, but also supported by the father of the Republican Party, Abraham Lincoln, as well as Teddy Rosevelt and others. Abolishing the estate tax goes against everything we fought the American Revolution for. Abolishing the estate tax would help really rich kids like George W. Bush and his friends, and increase the lock they have on the power in our country.