Making the rich richer

[Marta Russell]

The LA Times (Sunday) Business section ran a column by James Flanigan
stating that the Congress intends to eliminate the estate tax. Jon Kyl
(R-Ariz) and Bob Kerrey(D-Neb) have proposed a bill to repeal the tax
(now at 37% of inheritances over $650,000).

Someone interviewed for the article points out that abolishing the tax
would further encourage maldistribution of income and wealth, but
Flanigan argues that the current U.S. tax is too little to do the job of
equalizing opportunity(that's a new one) and for that and other reasons
(small business needs repeal) supports the repeal.  He is a trickle down
kind of guy, don't we all know that would spur more economic growth??
There are so many inanities in the piece, I can't go thro them all. . .

Does anyone remember if this was proposed by the 104th Congress in the
Contract on America, or is this is a new one?

marta russell