{"id":2414,"date":"2009-12-02T12:04:32","date_gmt":"2009-12-02T17:04:32","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=2414"},"modified":"2009-12-02T12:19:14","modified_gmt":"2009-12-02T17:19:14","slug":"congress-to-vote-on-death-tax-hike","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/2414\/congress-to-vote-on-death-tax-hike\/","title":{"rendered":"Congress to Vote on Death Tax Hike"},"content":{"rendered":"<p>This week Congress will vote on whether to increase the Death Tax from 0% to 45%.\u00a0  That\u2019s quite the tax hike for an economy with <a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\"><span style=\"text-decoration: underline;\">10.2% unemployment<\/span><\/a>.<\/p>\n<p>Under current law, the Death Tax is set to expire in 2010, but under the misleading, \u201cPermanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009,\u201d Congress could give the gift of a 45% tax hike during this holiday season.<\/p>\n<p>Only in Washington is a 45% tax hike called \u201cTax Relief.\u201d<\/p>\n<p>You can find the text of the legislation <a href=\"http:\/\/frwebgate.access.gpo.gov\/cgi-bin\/getdoc.cgi?dbname=111_cong_bills&amp;docid=f:h4154ih.txt.pdf\" target=\"_blank\"><span style=\"text-decoration: underline;\">here<\/span><\/a>, but you\u2019ll notice in the bill that the tax threshold is not indexed for inflation.\u00a0  As a result, in approximately 40 years, half of the U.S. will be hit with the Death Tax.\u00a0  So much for only soaking the rich.<\/p>\n<p>Call your representative at 202-224-3121 and tell them to vote <span style=\"text-decoration: underline;\"><strong>\u201cNo\u201d<\/strong><\/span> on H.R. 4154.\u00a0  Real tax relief means a 0% rate, not 45%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week Congress will vote on whether to increase the Death Tax from 0% to 45%.\u00a0 That\u2019s quite the tax hike for an economy with 10.2% unemployment. Under current law, the Death Tax is set to expire in 2010, but under the misleading, \u201cPermanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[84,575,105,71],"class_list":["post-2414","post","type-post","status-publish","format-standard","hentry","category-posts","tag-congress","tag-death-tax","tag-tax","tag-taxes"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2414"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2414\/revisions"}],"predecessor-version":[{"id":2416,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2414\/revisions\/2416"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}