Every Republican senator earlier this month pushed for another tax break for the super-wealthy, voting to raise the full exemption on inheritances from $7 million to $10 million for a couple, and to drop the top rate on fortunes over $10 million from 45 percent to 35 percent.
President Obama tried to keep the estate tax at the current rate in his budget proposals and the House agreed, but 10 Democratic senators joined the Republicans to pick a fight on the estate tax – Senators Max Baucus, D-Mont.; Evan Bayh, D-Ind.; Maria Cantwell, D-Wash.; Mary Landrieu, D-La.; Blanche Lincoln, D-Ark.; Patty Murray, D-Wash.; Bill Nelson, D-Fla.; Ben Nelson, D-Neb.; Mark Pryor, D-Ark.; and Jon Tester, D-Mont.
These 10 have formed a pact to be a gang of 10 "fiscally conservative" Democrats in Name Only on many issues. They have joined the likes of Joe Lieberman and Zell Miller and certainly this vote shows they are way beyond just being middle of the road conservatives. Watch for future revelations about how some of them have their votes bought by powerful interests.
For now, this take from From The Left, herebelow:
Earlier this month, every Republican senator was joined by 10 DINO Democratic senators to push for yet another tax break for the uber-wealthy — the elite 5,854 estates in all of America valued at $7 million or more per couple.
So who are these DINO Democratic senators so distressed that the children of the uber-wealthy won’t be able to afford a second yacht, or private jet, or vacation home in Maui, or Picasso in the living room?
The 10 DINO Democrats:
1. Evan Bayh (IN)
2. Max Baucus (MT)
3. Maria Cantwell (WA)
4. Mary Landrieu (LA)
5. Blanche Lincoln (AR)
6. Patty Murray (WA)
7. Bill Nelson (FL)
8. Ben Nelson (NE)
9. Mark Pryor (AR)
10 Jon Tester (MT)
In order for the U.S. to have a progressive and fair tax rate, former President Bush’s tax cuts for the wealthiest individuals needs to be repealed. And these 10 DINO Democrats need to be voted out of office.