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Commentary :: Elections & Legislation
BTL: Progressive Coalition Defeats Billionaires' Campaign To...
...Campaign to Permanently Repeal Estate Tax. Scott Harris Interviews Scott Klinger, codirector of Responsible Wealth
Progressive Coalition Defeats Billionaires' Campaign to Permanently Repeal Estate Tax.
Interview by Between the Lines' Scott Harris
Over the last several decades, a concerted effort has been made by the nation's wealthiest citizens to reduce their tax burden and do away with the nation's system of progressive taxation. Following the same trickle-down philosophy as his predecessors Ronald Reagan and his father George Bush, President George W. Bush fought for and won massive tax cuts for the rich in the 2001 Congressional budget.
Included in that 2001 tax cut bill was the temporary repeal of the federal estate tax, which taxes the inherited wealth of citizens passing more than $1 million to their heirs. This tax affects less than two percent of all American families, but over the past decade, a small group of the super-rich have contributed millions of dollars in an effort to abolish the estate tax forever.
Over the last year, a coalition of progressive organizations calling themselves Americans for a Fair Estate Tax, which includes a number of wealthy individuals, has organized to oppose repeal of the federal inheritance tax. Their campaign was successful when legislation to permanently repeal the estate tax was defeated in the U.S. Senate on June 12th. Between The Lines' Scott Harris spoke with Scott Klinger, co-director of the group Responsible Wealth, who discusses how this coalition beat back attempts to repeal the estate tax and why he believes efforts to provide tax breaks to the wealthy exacerbates growing income inequality in the U.S.
Contact Responsible Wealth, a project of United for a Fair Economy by calling (877) 564-6833 or visit their Web site at www.responsiblewealth.org
Related links:
United for a Fair Economy www.ufenet.org
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www.wpkn.org/wpkn/news/btl062802.html
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"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be
heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays
at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising
months of April and October)
*
Between The Lines is celebrating its 10th anniversary with a CD, "News &
Views That Corporate Media Exclude". See BTL's website for promotional
announcement at:
www.btlonline.org
*
For an email subscription of "Between The Lines Q&A," which features a
weekly "Between The Lines" interview excerpt, write btlsummary-subscribe-AT-topica.email-publisher.com
*
betweenthelines-AT-snet.net
*
© 2002 Between the Lines C/O WPKN Radio, Bridgeport, Connecticut USA.
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Interview by Between the Lines' Scott Harris
Over the last several decades, a concerted effort has been made by the nation's wealthiest citizens to reduce their tax burden and do away with the nation's system of progressive taxation. Following the same trickle-down philosophy as his predecessors Ronald Reagan and his father George Bush, President George W. Bush fought for and won massive tax cuts for the rich in the 2001 Congressional budget.
Included in that 2001 tax cut bill was the temporary repeal of the federal estate tax, which taxes the inherited wealth of citizens passing more than $1 million to their heirs. This tax affects less than two percent of all American families, but over the past decade, a small group of the super-rich have contributed millions of dollars in an effort to abolish the estate tax forever.
Over the last year, a coalition of progressive organizations calling themselves Americans for a Fair Estate Tax, which includes a number of wealthy individuals, has organized to oppose repeal of the federal inheritance tax. Their campaign was successful when legislation to permanently repeal the estate tax was defeated in the U.S. Senate on June 12th. Between The Lines' Scott Harris spoke with Scott Klinger, co-director of the group Responsible Wealth, who discusses how this coalition beat back attempts to repeal the estate tax and why he believes efforts to provide tax breaks to the wealthy exacerbates growing income inequality in the U.S.
Contact Responsible Wealth, a project of United for a Fair Economy by calling (877) 564-6833 or visit their Web site at www.responsiblewealth.org
Related links:
United for a Fair Economy www.ufenet.org
*
www.wpkn.org/wpkn/news/btl062802.html
*
"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be
heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays
at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising
months of April and October)
*
Between The Lines is celebrating its 10th anniversary with a CD, "News &
Views That Corporate Media Exclude". See BTL's website for promotional
announcement at:
www.btlonline.org
*
For an email subscription of "Between The Lines Q&A," which features a
weekly "Between The Lines" interview excerpt, write btlsummary-subscribe-AT-topica.email-publisher.com
*
betweenthelines-AT-snet.net
*
© 2002 Between the Lines C/O WPKN Radio, Bridgeport, Connecticut USA.
**
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