Friday, April 03, 2009

Obama's Budget Resurrects 'Death Tax' - First 100 Days of Presidency - Politics FOXNews.com

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President Obama's budget keeps the estate tax at its 2009 level, which means the government gets 45 percent of a dead person's estate valued over $3.5 million dollars or $7 million for a couple.

Republicans argue this tax doesn't just strike the wealthy.

"It destroys a lot of small businesses and a lot of family farms and ranches in America," said Sen. John Ensign, R-Nev...

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