Start:
Wed, 07/20/2005 - 2:00pm

Citizen Action Nation Call In Day to
Preserve the Estate Tax

Reducing or repealing the estate tax will give more tax breaks for the wealthy while having devastating consequences for lower and middle-income taxpayers.

Only the richest 2 percent of our nation's families currently pay any estate tax at all. These are people with estates larger than $1.5 million for an individual or $3 million for a couple.

Proposals in Congress to weaken or repeal of the estate tax will cost nearly $1 trillion over the next ten years. This comes at a time that Congress has proposed spending cuts from important public programs such as Medicaid, food stamps, and education programs.

You can take action by calling Senator Schumer on Wednesday, July 20 at 202-224-6542 and ask him to oppose any legislation to weaken the estate tax.