Senator Grassley—whose favorite Bible verses are Luke 6:20 and 24—on the philosophical reason behind shitcanning the estate tax:
In a Nov. 29 interview, Grassley was adamant about the need for change, even if farmers and small business owners represent a tiny minority of estate tax payers. The reason, he said, is as much philosophical as practical.
An estate tax effectively and unfairly taxes a person’s earnings twice, he argued: first when they earn it and again when they die. And, he added, it penalizes savers without touching spenders.
“I think not having the estate tax recognizes the people that are investing,” Grassley said, “as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”
Senator Grassley worships at the Baptist Church. Let us now join him in prayer.