Ann Coulter admires Joe Lieberman
This isn’t exactly what Joementum needs going into the Democratic primary.
Webb in striking distance
A new poll has James Webb within 10 points of George Allen in Virginia. As I said many times previously, Webb has a real shot of pulling off a major upset in November. Hopefully this poll will add to the buzz.
Estate Tax compromise
The GOP has tried for years to repeal the Estate Tax, and Democrats have naturally resisted. Finally, the GOP leadership has decided to move forward with a very fair compromise.
Under the House’s compromise, which probably will come to a vote tomorrow, estates worth as much as $5 million — $10 million for couples — would be exempt from taxation indefinitely.
The tax rate on estates worth more than the exemption level up to $25 million would be set at the same tax rates that apply to capital gains — now 15 percent but scheduled to rise to 20 percent in 2011. The rate for estates worth more than $25 million would be twice the capital gains rate. The bipartisan Joint Committee on Taxation estimated the estate tax cut would cost the government $279 billion over 10 years.
Democrats should support this compromise. The current Estate Tax rates are too high, thus forcing many business owners to spend way too much time and moneytrying to avoid the tax. The new rates are fair, so let’s get it done.
Posted in: Taxes
James Webb wins Democratic primary in Virginia
James Webb, a former Republican, will now take on George Allen in November. This is big news for the Democrats. Webb has a strong military background yet he was against the Iraq War from the beginning. He’s not a career politician, and that will be an asset in a year when the voters are sick of politicians.
Murtha wants Majority Leader post
John Murtha wants to run for Majority Leader if the Democrats take over the House. Too bad he doesn’t want to be Speaker. He would be a great symbol for the Dems, and anyone would be better than Nancy Pelosi.
Posted in: Democrats