Archived link. (archive.is)
In fact, the original Democratic proposal allowed for a $1 million exemption per spouse, and it allowed heirs a 15-year period to spread out the payments. So poor Sam would only have to pay tax on whatever value his cabin had over $2 million, which seems like a rather lavish spread for a working-class fellow, and he would have enjoyed a comfortable period over which to make those payments.
Even so, the pleas made by Heitkamp and other moderate Democrats on behalf of the rural petite-bourgeoisie heirs to landowning fortunes exceeding $2 million were felt. Democrats in Congress proposed to raise the exemption to $5 million per spouse. Surely, now that truck drivers inheriting cabins worth less than $10 million would be spared, Heitkamp would have softened her opposition.
The author's disdain for regular people is cringe-worthy, but not uncommon. Just the term "wealth lobby" is enough to know that the "American Dream" of working hard, becoming rich, and passing your money to your heirs is now seen as wrong.
(post is archived)