For those who don’t pay attention to the news, Senator Chuck Grassley (R-Iowa) told the Des Moines Register that he fully supports the repeal of the federal estate tax but opposes a tax cut for poor and middle income people because non-millionaires “are just spending every penny they have, whether it’s on booze or women or movies.” The estate tax is a 40 percent tax on wealth assessed at death and…

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Source:: Free Press Houston – News

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