Time Is On Side Of Repeal Of Estate Tax, Daschle Tells AALU
The mounting budget deficits and the costs of war make it harder and harder to justify permanent repeal of the estate tax, says Senate Minority Leader Tom Daschle, D-S.D.
While there are few signs the advocates of repeal are ready to compromise, time is on the side of those who favor responsible reform, says Daschle, who spoke at the annual meeting of the Association for Advanced Life Underwriting.
Those who advocate full repeal, he says, are dogged in their efforts and have been setting the groundwork for repeal for 10 years, and they are trying to get the candidates for House and Senate seats to sign pledges promising to support repeal.
The supporters of repeal, he adds, have a great slogan when they call for an end to the “death tax.”
Americans, Daschle says, need to know why reform, not repeal, is the best choice.