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Amanda and Kelly take on tax-happy Rep. Perlmutter

By | September 29th, 2010

In this video, Kelly Maher of WhoSaidYouSaid and Amanda Teresi of Liberty on the Rocks break down what’s wrong with U.S. Rep. Ed Perlmutter’s view of the estate tax (aka death tax).

Perlmutter, D-Colo., said at an event in Denver last month that he favors an estate tax above about $5 million. “Because I firmly believe that, you know, we’re not England. We’re not into landed gentry,” he said. “You know, just because my grandfather did well doesn’t mean I’m entitled to a yacht.”

UPDATE: Reference is made in the video to estate-tax exemptions at dollar amounts below $1 million, beginning in 2011. According to this USA Today report, the exemption would be $1 million in 2011, if Congress does not act.

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