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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Whats your farm worth?


    By JGillman, Section News
    Posted on Thu Dec 16, 2010 at 11:42:05 PM EST
    Tags: Republicans Deemocrats, Congress, Farms, Estate Taxes, dave Camp, Sander Levin, HR 4853 (all tags)

    If you have a family farm and land capable of making food to sell, it probably occupies enough space and has value worth more than $3,500,000.  It may not seem like it, but that is not hard to reach even with property values where they are.

    Michigan farm families, short of some performing some creative family planning, barely escaped an amendment tonight that would have required the sale of the stead for payment of taxes when a principle owner dies.  

    The Pomeroy amendment proposed by Sander Levin FAILED with bipartisan support tonight.  It would have made a 45% tax rate for estates over 3.5 million.  This amendment was to be added to the Senate passed bill negotiated by the president.  It failed to pass with a vote of 233-194.

    It ALMOST passed as a voice addition.

    FYI..  Not a single Republican voted for it.

    How can the Democrats claim to represent the middle class when they would creat such a tax that takes from ALREADY TAXED value and keeps middle class families from being able to pass to their heirs.

    Mind boggling.

    Update [2010-12-16 23:59:57 by JGillman]: the tax bill HR 4853 passed at Midnight meaning 2 more years of same tax rates. Not perfect, but ...

    Vote tally at the end 277 yea 148 nay

    < The Elections Were Last Month | Smoking >


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    Display: Sort:
    What a difference perspective makes -- (none / 0) (#1)
    by The Wizard of Laws on Fri Dec 17, 2010 at 08:02:22 AM EST
    I saw Democrat Chris Van Hollen on Fox News Sunday, defending the 45%/$3.5 million proposal.  Here's how he did it -- apparently, Democrats have calculated that there are 6,600 families that fall between the $3.5 and $5 million levels.  Using liberal logic, therefore, the compromise cutoff of $5 million is nothing more than a huge taxbreak for 6,600 multi-millionaire families.

    And, I kid you not, with a straight face, Van Hollen accused the Republicans of engaging in class warfare.  He said (paraphrasing) we have to stop the class warfare and not give tax relief to these 6,600 families.  

    They don't even pretend to make sense anymore.

    • Like.. by JGillman, 12/17/2010 09:31:13 AM EST (none / 0)
    Why am I not surprised that someone... (none / 0) (#3)
    by KG One on Fri Dec 17, 2010 at 01:12:32 PM EST
    ...who doesn't even live in the district that he supposedly represents (Levin owns an almost $1-million home in Silver Spring, MD...and has declared it a pricipal residence), has the audacity to propose a tax on someone just because they had the misfortune of having died.

    I'm waiting for his latest revenue generating scheme: hiring people to go into Forest Lawn, Mt. Olivet & Gethsemane Cemeteries so that they can dig up the graves and retrieve any valuable capitol from those buried there, which can then be spent by Rep Levin and his colleagues.

    After all, they're dead. They no longer need it.

    The government needs it, so pony up!

    Or, 138 Republicans raise taxes 35% and... (none / 0) (#4)
    by Corinthian Scales on Fri Dec 17, 2010 at 01:40:32 PM EST
    ...added on another $50+billion in unemployment debt; all for a two year tax code.

    Rep. Dave Camp, R-Mich., said that with unemployment hovering just under 10 percent and the deadline for avoiding a big tax hike fast approaching, lawmakers had little choice but to support the bill.

    "This is just no time to be playing games with our economy," said Camp, who will become chairman of the tax-writing House Ways and Means Committee in January. "The failure to block these tax increases would be a direct hit to families and small businesses."

    Good God!  I hope this isn't the kind of weak-@ss leadership the GOP has in mind for the next two years.  I all ready am not impressed with the new Weeper of the House during the Lame Duck.  And the rest of 'em?

    Rep. Ginny Brown-Waite, R-Fla., called it "a bipartisan moment of clarity."

    Yep.  One bang-up of a job there.

    Rep. Elijah Cummings, D-Md., said he thought the White House could have gotten a better deal.

    "When I talk to the Republicans they are giddy about this bill," he said.

    Giddy?  No, really... Giddy?

    Un-f'ing-believable.

    Oh, and usual, Ron Paul allegedly didn't vote for another tax increase...

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