The People to Congress: Get a Clue and Repeal the Death Tax

My esteemed junior Senator from Arkansas Mark Pryor today explained his view on the estate tax. His stance here. Basically, he supports lifting the exemption to $5 million from the current $2 million and taxing that at 35%. If Senator Pryor really wants to help the people of Arkansas, especially small business owners, he would support or ,even better, propose an end to the worst tax on the books; the estate tax. Not only is this double taxation (earnings were taxed as income when earned) but is there anyone who thinks it is morally correct to tax death? This is a punishment on entrepreneurship and risk taking that is the basis of wealth development. This tax is limiting investment and is holding the economy back to some degree. There is no way to rationalize this fiscally or morally. Mr. Pryor needs to do the right thing for Arkansas and America and fight to repeal the death tax permanantly.