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Saturday, June 03, 2006

Will WA Dems Stand Up on Estate Tax? Don't Hold Your Breath

"Democrats could go to town on this issue. As Paulson makes his round of Senate courtesy calls, they should press him to oppose estate-tax repeal."

"However, several Senate Democrats are wobbly on this issue. Max Baucus, the ranking Democrat on the Finance Committee, is said to be negotiating with his Republican counterparts to enact the ``compromise."

"Baucus, from Montana, inherited an 80,000-acre sheep ranch, one of the biggest in his state. He invokes the plight of family farmers, whose inherited homesteads are supposedly threatened by estate taxes. Yet the conservative American Farm Bureau Federation could not identify a single farm that had to be sold to pay taxes, even under current rates."

"Republicans are confident that at least three other Democrats would follow Baucus's lead --Blanche Lincoln of Arkansas, Ben Nelson of Nebraska, and Bill Nelson of Florida. Several other Democrats are still undecided on whether to hand the wealthiest one percent of Americans an even bigger break, at cost to fiscal solvency. The Republicans, with 55 senators, need at least five Democrats to help them get cloture on this vote."

"The other shaky Democrats include Senators Patty Murray and Maria Cantwell of Washington state. Cantwell was a well-off high-tech executive. Murray got elected as an ordinary mom ``in tennis shoes" who spoke for the common citizen. From 2001 to 2003, she chaired the Democratic Senate Campaign Committee, courting wealthy donors."

"Who exactly needs Cantwell and Murray to support another huge tax cut for the wealthiest? Their own families? Campaign contributors?"

"Three other wavering Democrats are Ken Salazar of Colorado, Mary Landrieu of Louisiana, and Mark Pryor of Arkansas. These ``red" states are conservative on social issues, but what does their average citizen gain from estate-tax repeal?"

"Where does Mary Landrieu think the money will come for Louisiana's flood defenses if Congress keeps gutting the tax code? The average Arkansan can only dream of worrying about the estate tax, but lead promoters of repeal are the Arkansas-based Walton family billionaires of Wal-Mart fame."

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