Friday, April 17, 2015

Republican House votes to repeal the estate tax for the richest 0.2 percent

While the GOP accuses Hillary Clinton of being a one-percenter, the Republican-controlled House today voted to eliminate the federal estate tax—a sweetheart deal for the richest 0.2 percent of Americans.

Only households with a net worth of over $5.4 million pay this estate tax (or 2 out of every 1,000), so it’s good to see which taxpayers they truly care about.

It passed the House with all but three Republicans supporting it, and only seven Democrats voted in support. These are the seven Democrats who voted with the richest 0.2 percent.

Kyrsten Sinema (AZ-09)
Jim Costa (CA-16)
Sanford Bishop (GA-02)
Dutch Ruppersberger (MD-02)
Collin Peterson (MN-07)
Brad Ashford (NE-02)
Henry Cuellar (TX-28)
Daily Kos and our coalition effort collected over 185,000 signatures, and yesterday we generated an additional 40,000+ constituent emails to members of Congress.

President Obama has pledged to veto the bill (if it also passes the Senate, which is unlikely), but we will hold all Democrats who vote the wrong way accountable.

It’s infuriating that seven Democrats voted with Republicans to gift the richest 0.2 percent, but the good news is 176 House Democrats voted “no.”

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