There currently is a debate in Congress about the future of the expired estate tax law. If anyone doubts where the interests of Senate Republicans lie, nothing demonstrates it better that Senator Jim DeMint’s proposed tax reforms. He proposes abolishing corporate taxes, estate taxes, and income taxes, and replaces them with an 8.4% national sales tax. This would effectively end estate taxes for the rich, lower taxes for corporations and the wealthy, and shift the tax burden to the poor and the struggling middle class. Corporations and the wealthy are currently paying as a percentage of taxes collected only half what they paid in the 1980’s. Under current law GE and Exxon paid no income tax last year. I believe that this philosophy of “take from the poor and give to the rich” represents the true values of the “compassionate” conservatives.

Comments

Add comment

Login or register to post comments

Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

Reserve your stateroom today by contacting Keene Luxury Travel, and mention the Thom Hartmann Group 800.856.1155

or go to https://www.keeneluxurytravel.com/th-bermuda/default.asp

Part 1 - Is Economic Disaster About to Hit & Are You Prepared?

Thom plus logo Right now the United States and the world are facing four massive trends that, in combination, we haven't faced since the 1920s. We are seeing the rise of a new and brutal form of governance with extraordinary industrial capacity and power in China, much as Nazi Germany rose in Europe.