If they already had 10 billion dollars to buy that $3000 phone, what good did the tax break additional money on top of the billions they already have, do?GOP Senator Implies Those Who Arenât Millionaires Waste Money On âBooze, Womenâ
Thatâs why the richest deserve a break on estate taxes, says Chuck Grassley.
In an astonishing defense of dropping âdeath taxesâ for individual estates worth more than $5.5 million, GOP Iowa Sen. Chuck Grassley implied that people not currently affected by that tax are âspending every darn penny ... on booze or women.â
âI think not having the estate tax recognizes the people that are investing â as opposed to those that are just spending every darn penny they have, whether itâs on booze or women or movies,â Grassley told the Des Moines Register in an interview published Saturday. Grassley, who serves on the Finance Committee, made the remark when asked about the Senate tax reform measure which would double the exemption for estates to $11 million for an individual and $22 million for a couple. Heirs would inherit the estates tax-free.
Grassleyâs comment triggered a wave of criticism on social media. Many complained that the working class is, in fact, spending âevery darn pennyâ on raising their kids, caring for elderly parents, health care and putting food on the table. One Twitter user complained that the GOP was turning America into a version of âThe Hunger Games.â
More: GOP Senator Implies Those Who Aren't Millionaires Waste Money On 'Booze, Women'
Wow! Just Wow! It takes a real neanderthal to make such an ignorant statement. However, Grassley has proven many times that he is an ignorant neanderthal.
How many rich people did you see in line to spend a $1,000 on a phone?
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Honestly I don't care, if someone earned 10 billion, good for them. They pay about 40% of all the income taxes already. There's absolutely nothing wrong with letting them keep more of THEIR money, not yours or mine.
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