7.31.2006

GOP links estate tax repeal to min. wage increase.

Republicans, those cagey compassionate conservatives, do a 180 and support an increase in the minimum wage, but with a catch: they're trying to roll the repeal of the estate tax into it. If that fails, they're also trying to link the estate tax to the renewal of other popular taxes that have recently expired, including research and development credit for businesses and deductions for college tuition.

Don't miss the excellent floor speech by Charlie Rangel on it: "If you care about poor folks--ACT LIKE IT. Give them a day by themselves. Don't mix their problems in with the richest of the rich in this country. Hypocrisy? I've now seen it all."

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