In many cases, estate taxes can take away up to 90 percent of a family's assets. By reducing the burdens of the estate tax, the Bush tax plan will invigorate small businesses that are often marginalized by this and other punitive taxes. In addition, this tax, because it is charged after income taxes, serves to weaken the stability of the American economy by threatening the viability of capital stores. By reducing this risk, people will be more willing to spend, thereby reducing recessionary pressures. The impact of a recession, if not mitigated by Bush's tax plan, also threatens life at American universities.
Many universities depend upon endowment growth to expand student services and programs.
The reduced growth estimates have already led to cutbacks in university programs, and reductions in student aid are sure to follow. Bush's tax plan will help to mitigate this impact as well as increase the amount of money available for loans and grant programs. Graduate students, many of whom are recently married, will also be helped by the tax plan through the removal of the marriage penalty, a socioeconomic sore spot that punishes individuals who marry with high marginal taxes and unfair burdens. America is a nation of opportunity and freedom. The Bush tax plan helps all Americans keep more of their own hard-earned money and will give the economy the resources and kick necessary to avoid a damaging recession.