The Estate Tax - a looming war between the Senate and the Marxist controlled House ?

The current tax compromise about to be approved by the Senate includes caps on the "death tax." The official language for this immoral double tax is "the Estate tax." In times past, this tax, levied on all assets of those who die (monetary as well a property - real or on paper) , has been so brutal as to require the heirs of an estate to both sell the estate and borrow money in order to pay the tax.

The tax is clearly immoral. Talk of how much it will cost if we forbid this tax are completely beside the point. It is a double tax on the finances of the 'departed' and wrong for that reason alone. Some Democrats claim that it is not a double tax on property but that is not correct, either. Can anyone in the Regime say the words "property taxes" ?

At any rate, since no one has the courage to fight for the rights of those who have died -- and that includes Republicans, the deal that is in the compromise made between Obama and GOP leadership is as good as it gets. This immoral double tax on the dead does not apply to the first five million dollars of estate evaluation. And when it does apply, the tax rate is 35% of the estate's value, again, in excess of five million dollars.

We do not believe that this agreement destroys the larger estates, as has been the case with estate taxation in past Democrat regimes. The chart below shows the numbers of estates "saved" from the greed of the federal government, and those numbers are substantial.

	Estates between $1 and $5 million (Current Law 55% rate)	Estates above $5 million (Compromise 35% rate)
Filers in 2011	82,800	9,300
Taxable Estates in 2011	39,800	3,900
Farming Taxable Estates	2,600	200
Small Business Taxable Estates	1,700	200
Source: Joint Economic Committee

Understand that this formula is not, yet, final. Although its passage is expected in the Senate, House Democrats, acting like the immature political force that it has become, is meeting behind closed doors as we write this post, deciding on their strategy as relates to the incoming Senate bill.

A test vote on this bill of 83-15 has been taken in the Senate. It is expected to pass sometime this evening or tomorrow morning and then, proceed to the House of Representatives. There is the possibility of a huge House fight over the issue of the estate tax, members of the GOP arguing that they will not accept further compromise on this matter (the estate tax for 2010 was zero) ; Marxist Democrats in the House (not all Democrats are Marxist in terms of agenda) have cursed Obama for making this deal and are red-hot angry about the compromise.

If if if the GOP holds its ground, and House Democrats refuse to move away from their lust for more of our money, this bill could actually fail and millions of middle class Americans will experience the heaviest increase in taxes in the history of this country . . . . . . . and it will all be on the Democrat Party.

Representative Paul Ryan told Chris Wallace on his Sunday show, that there will be no further compromise on this bill. It appears that we are about to see if he truly represents GOP strategies. If not, it is time for TEA party folks to mark the GOP traitors and begin work to get them out of Congress come 2012.

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