Not a single Republican senator has joined the effort to give back pay to hundreds of thousands of federal contractors who were unpaid during the partial government shutdown. But the party’s leaders are pushing ahead with a bill to repeal the federal estate tax on behalf of the wealthiest Americans.
Minnesota Sen. Tina Smith and Massachusetts Rep. Ayanna Pressley, both Democrats, have introduced bills that would give back pay to federal contractors, who are not entitled under law to be paid after a shutdown as federal employees are, Vox reported.
Instead, on Monday, three top Republican senators introduced a bill to repeal the federal estate tax, which is paid by fewer than 2,000 of the wealthiest Americans per year.
Senate Majority Leader Mitch McConnell was joined by Sen. Chuck Grassley, R-Iowa, and Sen. John Thune, R-S.D., in sponsoring a bill that fully repeals the tax some wealthy families must pay on inherited wealth, the Washington Post reported.
The Republicans already kneecapped the estate tax in their 2017 tax law, allowing couples to pass on up to $22 million worth of assets tax-free. Prior to the law, an individual could pass up to $5.45 million in assets tax-free.
https://www.salon.com/2019/01/29/go...ntractors-wants-to-repeal-estate-tax-instead/
Minnesota Sen. Tina Smith and Massachusetts Rep. Ayanna Pressley, both Democrats, have introduced bills that would give back pay to federal contractors, who are not entitled under law to be paid after a shutdown as federal employees are, Vox reported.
Instead, on Monday, three top Republican senators introduced a bill to repeal the federal estate tax, which is paid by fewer than 2,000 of the wealthiest Americans per year.
Senate Majority Leader Mitch McConnell was joined by Sen. Chuck Grassley, R-Iowa, and Sen. John Thune, R-S.D., in sponsoring a bill that fully repeals the tax some wealthy families must pay on inherited wealth, the Washington Post reported.
The Republicans already kneecapped the estate tax in their 2017 tax law, allowing couples to pass on up to $22 million worth of assets tax-free. Prior to the law, an individual could pass up to $5.45 million in assets tax-free.
https://www.salon.com/2019/01/29/go...ntractors-wants-to-repeal-estate-tax-instead/