Thursday, December 3, 2009
Boozman for the Billionaires
Congressman John Boozman (R-Stepinfetch) today tried to give a big Christmas present to the billionaire Walton heirs. He was the only member of the Arkansas delegation voting to kill the estate tax on billionaires, which passed anyway today by 225-200.
HR 4154, the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009, would exempt estates up to $3.5 million per individual and $7 million for married couples. That would exempt you and me, but it wasn't good enough for John Boozman. The four Waltons have inherited wealth of over $17 billion each, and he has consistently voted for all legislation to reduce their share of federal taxes.