PLEDGE NOW
Estate Taxes & Political Calculations

The President’s deal with the GOP scales back the estate tax. House Dems are saying “too far, too much.” The GOP says “must have.”

Senate Finance Committee Chairman Sen. Max Baucus, D-Mont., Dec. 13, 2010, before going to vote on the tax cut legislation. (AP)

The tax debate rages on in Washington, even as President Obama’s tax deal with Republicans rolls on. 

The Senate is lining up to pass the deal today. Republican leadership is saying, “Pass it, or else.” House Democrats are drawing their new line in the sand at the estate tax. 

The GOP-White House deal would be a sweet deal for America’s richest families: mountains of wealth to pass on, with a light tax touch. Too light, say Democrats, at a time of huge American inequality and huge federal deficits. 

We hear the debate on fairness, the future, great fortunes, and the estate tax.

-Tom Ashbrook

Guests:

Bob Cusack, managing editor of The Hill.

Ray Madoff, professor at Boston College Law School, expert on the estate tax. She’s author of “Immortality and the Law: The Rising Power of the American Dead.”

Douglas Holtz-Eakin, president of the American Action Forum, a think tank. He’s former director of the Congressional Budget Office, from 2003-2005, and served as chief economist to John McCain’s 2008 presidential campaign.

Michael Burgess, Republican congressman for Texas’ 26th district.

Jim McDermott, Democratic congressman for Washington State’s 7th district.

Read Teddy Roosevelt’s statement a century ago about inherited wealth and estate taxes.

(AP Photo)

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Feb 9, 2016
Republican presidential candidate, New Jersey Gov. Chris Christie buttons his coat as he leaves Gilchrist Metal Company after a campaign event, Monday, Feb. 8, 2016, in Hudson, N.H. (AP Photo/Elise Amendola)

We’re live in New Hampshire for the first in the nation primary day, with all the latest on how the big vote is shaping up.

Feb 9, 2016
Republican presidential candidate Donald Trump speaks during a campaign stop at a Rotary Club luncheon in Manchester, N.H., Monday, Feb. 8, 2016. (AP Photo/Charles Krupa)

From New Hampshire, a deep dive, from Trump to Sanders, on how the candidates would approach the U.S. economy.

RECENT
SHOWS
Feb 8, 2016
Legendary film critic  Roger Ebert in an archival image from his early days at the Chicago Sun-Times. (Flickr / WikiCommons)

The critic speaks. The New York Times’ A.O. Scott on how to think about art, pleasure, beauty and truth.

 
Feb 8, 2016
Sign stands outside property for rent Friday, Nov. 20, 2015, in south Denver. (AP Photo/David Zalubowski)

If it feels like rents are sky-high, you’re right. Some now paying more than half their income on rent. Some say crisis. We’ll dig in.

On Point Blog
On Point Blog
Notes From New Hampshire, #6: Bernie v. Hillary — The Electability Debate
Monday, Feb 8, 2016

Bill and Betty are not real New Hampshire voters. But their arguments about the Democratic race for President most certainly are.

More »
Comment
 
Notes From New Hampshire, #5: Ted Cruz — The Advocate
Monday, Feb 8, 2016

Texas Senator and Republican Presidential candidate Ted Cruz is an impassioned advocate, Jack Beatty writes — but mostly for himself above all others.

More »
Comment
 
Notes From New Hampshire, #4: Donald Trump — You Heard It First!
Friday, Feb 5, 2016

Jack Beatty recounts an evening rally with Republican Presidential frontrunner Donald Trump, and wonders if the billionaire businessman is really looking for an exit.

More »
Comment