Oh boy, munchkin again and the super rich win again...and of course he voted for it.
Adding ammunition to the debate was the publication, once again, of the private tax information of the wealthiest Americans. ProPublica reported that Musk didn’t pay .. https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax .. any income tax in a recent year. Financier George Soros paid zero federal income taxes three years running. And Amazon’s Jeff Bezos reported so little income one year that he qualified for a child tax credit, the tax records show.
But they needn’t have worried. The very same groups that fought the estate tax in the 1990s had never disbanded. With names like the Family Business Estate Tax Coalition, they mobilized to fight the proposals targeting dynastic wealth. A real estate company hired a former top aide to Sen. Joe Manchin, D-W.Va. .. https://projects.propublica.org/represent/members/M001183-joe-manchin-iii , a crucial swing vote on the bill, to lobby against the changes. And the old arguments were dusted off. Hard working families would have to sell their farms and businesses.
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