Thursday, September 01, 2005

Chicago Defender / Commentary- Tax Breaks for the Wealthy

Chicago Defender / Commentary: "MARIAN W. EDELMAN: Tax Breaks for the Wealthy

by Marian W. Edelman
September 1, 2005

The debate over whether America should repeal its estate tax is heating up again. The estate tax was first enacted early in the last century, partly in response to the enormous fortunes families like the Rockefellers and Vanderbilts had amassed during the Gilded Age. Reformers argued that government support had played a big role in creating the conditions that helped these individuals earn their tremendous wealth, so it was only fair that a portion of that wealth be returned to society."

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