Tell the your elected officials to preserve and strengthen the estate tax. In the face of the fiscal cliff, raising more revenue from the estate tax is the best solution to avoid painful cuts. Preserving vital social programs (like Head Start, food stamps, and community development block grants) is more important than tax breaks for the top 0.15% of Americans. But this isn’t just about the dollar figures. It’s about our shared values as a society and the creation of equal opportunities for everyone.
What if there was a way to bring in substantial new revenue to pay for vital public services? What if we could generate that revenue exclusively from those who can best afford it, the estates of millionaires and billionaires, and at the same time reduce economic inequality? We'd be crazy to not do it, right? Well, the good news is that a strong estate tax will do exactly that.
After so many years as a nameless, faceless talking point in support of higher taxes on millionaires and billionaires, the country's most famous secretary has emerged—in momentous fashion at that.