September 17, 2005

Ambulance-chasing of the worst sort.

Since Katrina hit the Gulf Coast, Republican backers of repealing the federal estate tax have had to back off. Given the costs of reconstruction, even the most rabid anti-tax members of Congress seemed to realize that public opinion wouldn't be in favor of a tax cut right now. [The tax added US$ 24.8 billion to federal coffers last year.]

But not everyone has given up on repealing the tax, as this report shows:

On Sept. 9, Alabama Senator Jeff Sessions called his old law professor Harold Apolinsky, co-author of Sessions' legislation repealing the federal estate tax, which was encountering sudden resistance on the Hill. Sessions had an idea to revitalize their cause, which he left on Apolinsky's voice mail: "[Arizona Sen.] Jon Kyl and I were talking about the estate tax. If we knew anybody that owned a business that lost life in the storm, that would be something we could push back with."

Via Time.

Posted by Magpie at September 17, 2005 06:41 PM | US News | Technorati links |

Katrina showed many people the necessity of paying such high taxes. If they do not think about it in everyday life when all they can see is their own profit and losses, now they can't help thinking of the disaster and the ways of getting back on track.
Ambulance Doc

Posted by: Ambulance Doc at September 27, 2005 01:07 PM