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How is getting rid of the Estate Tax going to help the economy?

Newt Gingrich plans to eliminate the capital gains tax, estate tax, and cut the corporate tax rate. Cutting revenue will not help the deficit or the economy. Saran - That's the worst argument I've ever heard. Obama is president, he doesn't want to get rid of the estate tax, so does that automatically mean that you shouldn't question Obama? smsmith500 -Clinton surplus.

Asked By: - 12/13/2011
Best Answer - Chosen by Asker
How is taking half of someones life's work after they die RIGHT in any way? In no way is the Government Entitled to 1 penny of someones savings and assets that they already paid Income Tax, Sales Tax, etc etc and saved for the future of their family... More
Answered By: The Solution - 12/13/2011
Additional Answers (15)
This is one of the reasons I can't be a true democrat. You people even want to slam people with taxes when they die. It's like a drug addict, all you think about is where to get your next tax fix...which you promptly spend and need more.
Answered By: The Libertarian - 12/13/2011
 
Cue the BS "job creators" meme.
Answered By: Liz - 12/13/2011
 
well... More
Answered By: Ding fries are done. - 12/13/2011
 
Newt knows who the bosses are and he will do anything to make them happy
Answered By: JOE - 12/13/2011
 
Keeping it won't help the economy either. .
Answered By: Abraham Lincoln - 12/13/2011
 
Eliminating the estate tax will not help the economy, if that was the only thing you cut. It will however help small businesses. If Obama hadn't extended the Bush tax Cuts last yr, my grandmother would have had to sell my recently deceased granfather's business, due to the increase of the estate tax.
Source(s):
Answered By: Lady Laissez Faire - 12/13/2011
 
Let me get this Straight you work your whole life to get what you have. You pay tax on ever thing you earned, and owned for a number of years, now you want the government to take it when you pass on that not fair to you or your children or who ever you want to leave it to. Cutting capital gains, and corporate taxes... More
Answered By: wtinc - 12/13/2011
 
Any money withheld from the Federal government is money better allocated towards real, sustainable demand. Also, there is the moral angle where you allow people (or estates) who worked for their money to keep the money they earned. Ask not how your welfare state can end you. Ask how you can end your welfare state.
Answered By: WJ - 12/13/2011
 
Since when did increasing revenue to the government help either the deficit or the economy. When you give more money to this administration they are not using it to pay down the deficit. Why is it that if i want to pass on the fruits of my labor to my children, the government somehow thinks they deserve a share. If i... More
Answered By: smsmith500 - 12/13/2011
 
the deficit is government caused false yeshua,yanking $$$$$ from kmart workers,3 man plumbing businesses,most corporations are small 3 man outfits who are more able to sell or buy a house,,ditto a big property developer who wants to build a new home depot
Answered By: occupy yahoo - 12/13/2011
 
Because I beleive this man knows just a little more about these things than you do. Otherwise you would be sitting there and not here.
Answered By: Saran - 12/13/2011
 
If son or daughter inherits a farm and the IRS takes 50% of its value in taxes and the family can't afford to keep it, is Obama going to pull the plow? He better because inheritance tax takes businesses and gives them to the Federal Government. But we can go to MacDonald's right?
Answered By: Brace 4 Impact - 12/13/2011
 
Well due to increased corporate tax rates and unstable and unpredictable legislation out of Washington Steve Wynn (a casino mogul who owns the Wynn) and other numerous properties around the world. Has moved his corporate head quarters to I believe Macao... More
Answered By: James Smith - 12/13/2011
 
Sadly people don't understand why the Democrats are upset about the estate tax deal. most are attorneys and rich, but they know that for a few bucks say 10-20 thousand a year the law firms adn certified accountants can turn ten million into less than a million. They do it and so do the Republicans and anyone with... More
Answered By: R J - 12/13/2011
 
Who,s economy soppier reach NWO puppeteer?
Answered By: Joseph S - 12/14/2011
 
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