Es­tate tax idea

Tulsa World - - Opinion -

Un­for­tu­nately, our short­sighted lead­ers in Wash­ing­ton, D.C., have dou­bled our na­tional debt twice since 2000 to $20 tril­lion.

Pres­i­dent Clin­ton and House Speaker Newt Gin­grich proved that debt could be re­duced. Our present ir­re­spon­si­ble course en­dan­gers our money and our repub­lic. Ser­vices must be prop­erly paid for.

The re­moval of the es­tate tax will re­move dou­ble tax­a­tion. The es­tate tax ought to only be re­moved when our na­tional debt is be­low $1 tril­lion.

I pro­pose a 9 per­cent tax on es­tates above $1 mil­lion when a cit­i­zen is over 65. If he em­i­grates, the tax is due. If 9 per­cent is a hard­ship, then a 1 per­cent tax each year would be due for 15 years from holder or his heirs.

What do we want our chil­dren to in­herit? Urge your mem­bers of Con­gress to pass this pro­posal sep­a­rately and not in some huge om­nibus bill.

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