Contrast Senator Grassley’s current statements with his 2005 thought that “it’s a little unseemly” to suggest repealing the estate tax “at a time when people are suffering.” The tax bill promises suffering.
One of the problems with backpedaling is if you don’t do it well, you trip. Somebody catch Senator Chuck Grassley.
As has been widely noted across social media — a good example is this post in Bleeding Heartland — The Des Moines Register quoted Iowa’s senior senator that estate tax repeal would reward “people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”
Ironically, while promoted as a pullout quote in the packaging of the story, the “booze or women or movies” comment came quite low in the piece. More substantive problems with the Senator’s rationale for opposing the estate tax were presented higher: specifically his continued insistence that this has something to do with the survival of family farms.
It. Does. Not.