To: SiouxPal who wrote (36302 ) 9/3/2005 6:35:11 AM From: T L Comiskey Respond to of 361153 While Rome burns... Hogs are getting Fatter GOP Leaders Rush Aid…To Millionaires Tell Sen. Durbin and Sen. Obama what your priorities are! Send them a message:pfaw.org Now is the time to invest in disaster relief, health care, and rebuilding, not to give yet another massive tax break to the wealthy by repealing the estate tax. Four days after Hurricane Katrina struck the Gulf Coast, the country remains in crisis. The situation of Americans trapped by flooding grows increasingly desperate, and government resources and planning have proven woefully inadequate. There is nothing more important to the American people right now than saving lives, sheltering American citizens, and rebuilding homes. But what are the priorities for the Bush Administration and Senate Majority Leader Bill Frist? They are moving ahead with a plan to further starve federal coffers. As we fight to stop John Roberts from being confirmed to the Supreme Court, we must also fight Sen. Frist's proposal to repeal the estate tax. In a display of particular insensitivity, he plans to call a vote as early as Tuesday! This would shift roughly $1.5 billion per week from the federal treasury into the pockets of the heirs to the nation's biggest fortunes at a time when thousands of Americans -- many of whom are among the nation's poorest -- have lost everything to Hurricane Katrina and are looking to the government for help. Fewer than one estate out of 100 currently pays the estate tax. Repeal of the tax would give an average $3 million tax break to the 7,000 estates that would have otherwise paid the tax. For the approximately 600 biggest estates, the average tax break would be around $18 million. Estimates project Hurricane Katrina's economic impact could top $100 billion. We do not yet know how many billions of dollars the federal government will need to help rebuild the devastated communities along the Gulf Coast. There is no doubt, however, that a massive tax break for the rich will further cripple the government's ability to respond to this crisis. Make sure Sen. Durbin and Sen. Obama understand your priorities - send them a message now! Now is the time to invest in disaster relief, health care, and rebuilding, not to push through yet another massive tax break to the wealthy. --Your Allies at People For the American Waypfaw.org