W E D N E S D A Y , J U L Y 1 3 , 2 0 0 5Farmers Are Not Being Hurt By The Estate Taxby Michael in New York on 7/13/2005 03:39:00 PMOne of the tricks Bush likes to pull is cloaking a tax for thesuper-wealthy as a break for the "little guy." A prime example:the estate tax.</p><p> Bush is disheartened to think multi-millionairekids like Paris Hilton could be forced to pay some taxes whenmommy and daddy die, so he would love to kill the estate tax.His biggest whopper: we have to give Paris a tax break or itwill hurt the family farm.</p><p> Bush likes to claim they and smallbusinesses are hampered by the estate tax.</p><p> Attack ads arealready on TV.</p><p> Any Senator who thinks the super-rich shouldpay some taxes before loading up their children with wealthbeyond most of our wildest dreams? Why, they hate farmers.Uh-uh.</p><p> The Congressional Budget Office reports that thenumber of farms on which estate tax is owed has fallendramatically to about 300 farms.</p><p> It also hinted that the numberof farms which owed taxes after using liquid assets (ie. thefarm is fine and they had enough money to pay off any taxes),well that could be zero.</p><p> Zip.</p><p> Nada.</p><p> Damn, I hate facts.According to the New York Times,President Bush, the American Farm Bureau Federation andthe National Cattlemen's Beef Association have assertedthat the estate tax is destroying family farms.</p><p> None,however, have cited a case of a farm lost to estate taxes,although in June 2001 Mr.</p><p> Bush said he had talked to suchfarmers....Michael J.</p><p> Graetz, a professor at Yale Law School who was atax policy official in the administration of President GeorgeBush, said repeal was primarily a benefit to people withlarge estates held in stocks and other securities, not tofarmers....And just to screw over the farmers Bush is pretending to help:Because of details in the repeal bill, it would also force alarge majority of farms and small businesses to pay largertax bills in the future, said John Buckley, the chief taxlawyer for Democrats on the House Ways and MeansCommittee.</p><p> Mr.</p><p> Buckley criticized farm and small-businessgroups as not explaining to their members that the repealas written would cost them money while primarilybenefiting those with vast fortunes.</p><p> HuffPost PoliticsHuckabee's Huck Pac In Turmoil With StaffTurnover, Mounting Debts - Former Arkansas Gov.Mike Huckabee's political action committee, HuckPac, is undergoing a "restructuring," ExecutiveDirector Sarah Huckabee said Wednesday....6 minutes ago Ben SmithGoing small - My story tonight: President BarackObama came alive about 50 minutes intoWednesday night’s news conference – whensomebo28 minutes ago Daily KosOpen Thread and Diary Rescue - *Today, srkp23(pulling a double shift), ybruti, taylormattd,ItsJessMe and vcmvo2 combed through hundredsof diaries to find this powerful list.</p><p> Today's...1 hour ago EschatonOvernight - Folk On.</p><p> Newish.1 hour ago Crooks and LiarsOpen Thread - Open Thread below...2 hours agoJ O H N ' S P H OT O S Show All Marine Corps us Military Depression Fund-raising Risk ManagementBudgets Emergency Fund Eye Surgery Blue Cross International Banks AMERICAblog News| A great nation deserves the truth: Farme...http://www.americablog.com/2005/07/farmers-are-not-being-hu... 1 of 57/23/09 1:47 AMA M E R I C A B L O G T V Visit our AMERICAblog TV site.see all 323 videos >I collect with vodpod The Taco Bell dog hasdied In honor of SenatorDeMint For the GOPers, healthcare is politics.</p><p> They just Traditional media has todebunk the birthers One small step...</p><p> The right-wing media, thevoices of the GOP, inNext 6AMERICAblog News| A great nation deserves the truth: Farme...http://www.americablog.com/2005/07/farmers-are-not-being-hu... 2 of 57/23/09 1:47 AMThe TreatmentObama Has a Grown-UpTalk With America(Gulp)1 hour agoEzra KleinTab Dump6 hours agoWonk RoomSen.</p><p> Byron Dorgan:The ‘Trade’ InCap-And-Trade ‘MakesNo Sense To Me’7 hours agoHealth BeatTruth Squad: WallStreet Journal HealthCare Editorial Wrong onthe Facts . . .8 hours agoDaily DoseProviders Endorse 'Payfor Value' ProposalsG AY P O L I T I C S Visit our new gay politicssection, AMERICAblog Gay.F E E D S Blog RSS AMERICAblog TV RSS Twitter RSSTwitter Feed Get the blog by email: Subscribe me!SponsoredDON'T Pay for WhiteTeeth Learn the trick, discoveredby a mom to turn yellowteeth white for under $10.</p><p> Learn moreColon Cleansers Warning! 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