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This is a terrible idea. The estate tax is one of the most important measures we have to battle raging wealth inequality. We should expand it by raising the rate and applying it to more of the estate's value -- not continue taking a machete to it as Republicans have done. 1/
Unless you stand to inherit over $11 million, you won't need to pay the estate tax. When @SenJohnThune and @senatemajldr and their Republican accomplices support legislation to repeal it, the people they'll benefit are people inheriting more than $11. Million. Dollars. 2/
We should LOWER the threshold of estate's value subject to it. (It was $1M in 2002.) And we should RAISE the rate (it was 50% that year, it's now 40%). This would go further to cut into the corrosive concentration of wealth that fuels inequality and make our tax code fairer. 3/
This chart really says a lot, both about the diminished potency of the estate tax and about which of their constituents Republicans have been prioritizing for decades (culminating in the #GOPTaxScam). Read more from @CenterOnBudget here: cbpp.org/research/feder…. 4/4 
