By Sahid Fawaz
In today’s installment of insane, elitist things said by a Republican, we present the senator from Iowa.
“Sen. Chuck Grassley defended his party’s tax plan this weekend saying that plans to reduce or eliminate the estate tax mean that people will use their money more wisely.
‘I think not having the estate tax recognizes the people that are investing,’ Grassley (R-Iowa) told the Des Moines Register, ‘as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.’
Grassley chairs the Senate Judiciary Committee and is a previous chairman of the and current member of the Senate Finance Committee, an influential panel that played a major role in writing the chamber’s plan. The seven-term senator was being interviewed for a Des Moines Register report on the impact of the estate tax.
Republicans have long attacked the estate tax, often referring to it as the ‘death tax,’ and their various tax plans would greatly scale it back or eliminate it. The tax is based on the transfer of property when someone dies, if an estate exceeds a certain amount. The Des Moines Register report determined that few family farmers or small business owners end up having to pay the estate tax and those who do pay are rarely forced to sell their land or quit farming.”
For the rest of the story, check out the entire article at Politico.com here.