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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I heard chuck grassley on npr this afternoon
He was asked about the tax bill adding to the deficit and his response was that they are designing a tax bill that will lower deficits. He claimed that if it results in GDP growth rate that is 0.4% more than it normally would it will pay for itself. This is the same number I've heard several republican lawmakers use. What is weird is that the most recent Joint Committee on taxes report found is that if the GDP growth rate is 0.8% higher we would add $1 trillion to our deficits 
The other question was about the estate tax. He was asked why the republicans were so keen to get rid of this when only 80 family farms and small businesses have to pay any estate tax at all in any year (couples can leave over $11 million to their heirs tax free). Grassley said he did not dispute the facts but for him it was a philosophical issue. He said that it was a way of celebrating people who have been frugal and saved and invested in order to accrue substantial assets. He gave the example of Two couples making $100000. One spends all their money and does not save much. The other couple is very frugal and saves aggressively and we need to reward them for their hard work and frugality by not taxing their estate. 
I just can't even......[/quote]

Hilarious.  I’d love to meet all those couple earning 100k income with 11 million dollar estates.[/quote]

+1  Far more likely is the case of the couple who inherited 10 million dollars from daddy who inherited 6 million dollars from his daddy before him.[/quote]

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