Tax breaks, private Social Security accounts and school vouchers are a few ways that Rep. John Kasich, chairman of the House Budget Committee, said Americans should be able to exercise choice. You don't want a tax cut, tough. If you don't like it, you can send it to me. Al Gore has jumped on the bandwagon with a tax cut proposal, but it would take a trained seal and an accountant to figure out how to qualify for them, Kasich said. He also advocates an elimination or easing of the estate tax, which he said he thought might pass Congress next year.
Estate taxes are taxes on property or money that is inherited.
Estate taxes affect the transfer of small businesses and family farms to surviving family. I think you work hard your whole life, and you carve a path for your children. Rep. John Kasich, R-Ohio, was the guest speaker at the Manhattan Area Chamber of Commerce luncheon. If you work hard, you should also have a good retirement, he said. Private Social Security accounts would allow people to invest money withheld from their paychecks on the open market.