Sen. Kyl’s Paris Hilton Amendment

Posted by AzBliueMeanie:

RichUnclePennybags

Our own "Senator Obstruction," Jon Kyl, has voted against the bank rescue bill, the federal stimulus bill, and the Obama budget resolution designed to rescue our economy from sliding into a depression (see David Safier's post on Robert Reich). Eh, just let it go!

Has your 401(k) been decimated? Have you had to cash out your IRA to meet living expenses? Are you under water on your mortgage, or worse, in foreclosure? Have you lost your job? Are you worried about losing your job?

TOUGH! Jon Kyl doesn't care about you or the cumulative effect of millions of Americans like you on the U.S. economy who suddenly find themselves in dire economic straights due to circumstances beyond their control. It's your fault you slackers! The global economy has no impact upon your miserable meaningless lives (the guy is an economics ignoramus).

Who does Jon Kyl care about? You guessed it, the top 0.2 percentile of income earners, the super wealthy, many of whom are trust fund babies who inherited great wealth and who do not have to work a day in their life if they so choose. Let's just call this the Paris Hilton Amendment:

On Thursday, [ten] Democrats broke with Obama and Democratic leaders to vote in favor of cutting taxes on multimillion-dollar estates. The 51-48 vote endorsed a nonbinding but symbolically important plan by Sens. Blanche Lincoln, D-Ark., and Jon Kyl, R-Ariz., to exempt estates up to $10 million from the estate tax, and taxing estates at a 35 percent rate.

But they would have to raise taxes elsewhere to finance 10-year costs exceeding $100 billion, a difficult chore at best.

House, Senate budget plans boost Obama agenda. That means shifting this $100 billion in lost estate taxes (which Republicans fraudulently refer to by the misnomer "death tax," as if it is death that is taxed) to everyone else, meaning you and me. Paris Hilton gets to keep her family's fortune while we get stuck with the tax bill.

Think Progress provides more details:

Sens. Jon Kyl (R-AZ) and Blanche Lincoln (D-AR) recently introduced a $250 billion amendment to slash estate taxes for the heirs of multimillion-dollar estates. Yesterday, the Senate narrowly passed the bill by a 51-48 vote. Joining Republicans in approving the bill were ten Senate Democrats:

Baucus (D-MT), Bayh (D-IN), Cantwell (D-WA), Landrieu (D-LA), Lincoln (D-AR), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Tester (D-MT)

As the New York Times explained, under Obama’s budget, “99.8 percent of estates will never — ever — pay a penny of estate tax. The heirs of the remaining 0.2 percent of estates are who Ms. Lincoln and Mr. Kyl are so worried about.”

The fact that 10 Democrats, some of them members of Sen. Evan Bayh's "blue dog" coalition in the Senate, voted for this amendment simply defies any rational explanation. What the hell were they thinking? Luckily, this was a nonbinding amendment and it will likely come out in conference committee when House negotiators reconcile the two budget resolutions.

When you are standing in line for unemployment benefits or at job fairs, I want you to think of Jon Kyl and imagine putting him on that unemployment line in 2012.

0 responses to “Sen. Kyl’s Paris Hilton Amendment

  1. Is there a hope and a prayer that there are enough of us in Arizona to give Kyle a
    reality lesson on what we want and need? What we want to work for? The far right has dominated this state to the point of bankrupty. Like many of us… we moved here from different areas of the country. Maybe as our numbers grow, the gun toter wealthy will have to answer to the rationalism of nationalism. My ancesters came
    here in 1622 and I have no more rights then a person becoming a United States
    citizen this morning. That is a good thing!

  2. I would be remiss if I didn’t remind everyone that Jon Kyl lied to the Supreme Court during the Hamdan Case.
    You have to be pretty contemptuous towards America and everything it stands for to brazenly lie to the highest court in the nation.

  3. I don’t have anything intelligent to say, other than Sen Kyl is a tool. Think Progress had a blurb on he and McCain a few months ago – the housing/economy situation in AZ and how disconnected their positions were from what the citizens in their home state were up against. Made my skin boil. He’s a good ‘ol boy tool. I just hope people in AZ know neither could give a rat’s patooty about AZ. It’s all about playing to the NATIONAL GOP base. So much for the mavericky duo.

    Here’s a link to the post, just in case you’ve missed it…which isn’t likely…but still:

    http://thinkprogress.org/2009/02/10/recession-reality-arizona/

  4. Might I make a point?

    Did you know that the staffers of members of Congress last year received a 17% BONUS INCREASE from Congress?

    How about Congress managing there own House before they manage MINE!

  5. Right wingers just spent the last couple weeks complaining how Obama’s tax code shift meant that rich people would never give to charity again.
    I wonder if the Congressional Budget Office is going to score the effect Kyl’s Amendment would have on charitable giving by the silver spoons?
    Dare I say that once again Republicans (and the “bush Dog” fake Republicans) are showing themselves to be hypocrites?