« Reports from YearlyKos | Main | Day One of YearlyKos Convention »

June 08, 2006

Thank You Senator Cantwell

Maria Cantwell voted against repealing the Estate Tax today.  Thanks to her and to all who took the time to call and let her know how we stand.  Seattle has at least two of the 18 families that fight the hardest to repeal the Estate Tax so it can't be that easy for her to vote against repealing it. 

The PI had an article a few weeks ago on the shenanigans of these families, which include the Nordstroms and the Blethens (who own most of the Seattle Times).  They said:

Public Citizen and United for a Fair Economy, which want to see estate tax rates increased to as high as 60 percent, said the families perpetrated a fraud on ordinary Americans by saying the levy constitutes an unfair "death tax." Only about 0.25 percent of Americans who die this year will leave an estate large enough to be taxed, the groups said.Wiping the estate tax off the books would mean about $1 trillion in lost revenue for the government between 2010 and 2019, according to private and government estimates.

According to Public Citizen and United for a Fair Economy, the 18 families include the Walton family, which controls 40 percent of Wal-Mart and the Mars family, which owns Mars Inc., the maker of M&Ms.

Others on the list include the Nordstrom family, owners of retailer Nordstrom Inc., and The Seattle Times owner Frank Blethen and his family.

Thanks for standing with us, Maria. 

 

Posted by Lynn Allen on June 8, 2006 at 01:26 PM | Permalink

Comments

"Seattle has at least two of the 18 families that fight the hardest to repeal the Estate Tax"

I hope you aren't refering to the Gates family. They're big estate tax supporters.

Posted by: Will | Jun 10, 2006 9:25:29 PM

As far as I know, only Bill Sr. is the big estate tax supporter. I don't think I've ever heard a peep out of Bill Jr. on the issue. (It's pretty much the same way on the state income tax issue.) Will, if I'm incoorect about this, can you give some info on Bill Jr.'s support for the tax?

Posted by: mickey | Jun 10, 2006 11:08:44 PM

incoorect=incorrect.

Posted by: mickey | Jun 10, 2006 11:09:54 PM

sorry, my brain's not very organized tonight - I think she meant the Nordstroms and the Blethens.

Posted by: mickey | Jun 10, 2006 11:11:28 PM

Bill Jr. supports the estate tax. He's made at least one large contribution to the NO side, and has stated that he plans to give away his entire fortune before his death. He doesn't want a large amount of unearned wealth shifted from himself to his children.

Posted by: Will | Jun 11, 2006 5:17:48 PM

It is a tax on income. It is not a death tax. I believe that it can be tinker with, but should not be ended.
Bill Gates children I think will be taken care of somehow.

Posted by: Mike Barer | Jun 14, 2006 10:55:50 PM

Post a comment