EDITORIAL FISCALLY RECKLESS.THE death tax, estate tax or a fee on inherited wealth Noun 1. inherited wealth - wealth that is inherited rather than earned wealth, wealthiness - the state of being rich and affluent; having a plentiful supply of material goods and money; "great wealth is not a sign of great intelligence" -- whatever you call it -- would be abolished if the House of Representatives' values prevail. If the Senate goes along with the House plan, it would cost the federal treasury $282 billion in the first five years and $600 billion would have to be borrowed to cover the impacts. What happened to the party of fiscal responsibility? Revising the estate tax wasn't was·n't Contraction of was not. wasn't was not wasn't be a bad idea; repealing it to help the few is. At a time when the federal deficit has reached record levels and the country is fighting a costly War on Terror This article is about U.S. actions, and those of other states, after September 11, 2001. For other conflicts, see Terrorism. The War on Terror (also known as the War on Terrorism , this sends the wrong message. In the past year, the U.S. Senate has acted as a sensible foil to the rash House. Treating the rich fairly in their lifetime is reasonable; allowing for the perpetuation per·pet·u·ate tr.v. per·pet·u·at·ed, per·pet·u·at·ing, per·pet·u·ates 1. To cause to continue indefinitely; make perpetual. 2. of vast fortunes is not. |
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