Election Year = GOP goes after Estate Tax

Well, its that time of year again, election time! And you know what that means: the GOP has started its campaign against its two favorite go-to targets, homosexuals and taxes. Nothing gets the Red State base to the polls like gays near a church or the IRS near a rich guy's bank account.
Here's the most recent article about Republican efforts to create a permanent monied class right here in the home of the American Dream.

My favorite quote (besides Bill Frist - whose life has been built on Daddy's millions and whose son no doubt studies at Frist Hall on the Princeton campus - whining about the unfair "death" tax) is from Sen. Kyl of Arizona describing a new idea of a two tiered system where estates below $5 million for an individual ($10 mil for a couple) are tax free, those from $5 to 30 million (individual) are taxed at the capital gains rate (15%) while those above $30 million are taxed at 30%:

"That is a fair way to help the people at the lower end of the spectrum and yet collect the revenue from those very, very wealthy estates that we all agree can pay part of this estate tax," Kyl said.

Yes, those folks at the "lower end of the spectrum" (i.e those whose estates are valued at a paltry $5 - 30 million) are in DESPERATE need of help. Whatever will become of their children if they are forced to inherit only $2.5 - $15 million at the current 46% tax rate?? No doubt orphans everywhere are crying for these poor unfortunates.

And they don't even have the good grace to maintain the facade that they are trying to help "small businesses" and "farms" anymore (which, as always, could be carved out of any tax scheme - but somehow never are). Shameless majority.