Majority of Americans Have Little Sympathy for Estate Tax Repeal - 04/17/06

By Jesse Russell

As Senate prepares to return next week, it appears Senate Majority Leader Bill Frist is preparing to resume the debate on repealing the Estate Tax.

[Ricchetti1]: The only way the opposition has been able to succeed on this issue, in defining it as a political imperative is by grossly misleading the public about who actually pays the estate tax and whose interests are involved in the estate tax.

That was Steve Ricchetti, chairman for the Coalition for America’s Priorities. During a conference call last week Ricchetti’s organization in conjunction with Responsible Wealth, released a study that showed the majority of Americans, when given complete information on the estate tax, has little support for reform of the tax.

[Ricchetti2]: Of all of the things and all of the ways you might imagine cutting taxes or engaging in tax reform or tax relief for the American public, repealing the estate tax literally ends up at the bottom of the set of priorities that Americans view needs to be reformed in respect to taxes in America.