With Senator Frist planning to push for a vote on abolishing the estate tax Tuesday the following
Briefing from Rolling Stone shows how the estate tax truly does help the small farmer pass on his farm to his children.
Death Be Not Proud - Senate Majority Leader Bill Frist is vowing to permanently abolish the estate tax when the Senate returns in September. "The death tax," Frist declared, "is the cruelest and most unfair tax our government imposes." But he neglected to mention his personal stake in the vote: Ending the estate tax, which is paid almost entirely by the nation's richest 5% could boost his family's trust funds by $7 million. Nor is Frist, the only politician poised to profit. According to congressional estimates, cutting the estate tax would save President Bush and his cabinet as much as $344 million. The biggest winner Donald Rumsfeld, whose heirs could reap a windfall of $101 million.