Target: Mr. Barack Obama, President of the United States of America
Goal: Don’t repeal tax placed on large fortunes passed on after death.
A new measure that seeks to repeal a tax put on large fortunes after death has been passed by the House of Representatives. The tax, known formally as the estate tax, applies to less than half of one percent of Americans that will die this year, yet it is often decried as a “death tax” by Republicans and other hyper-wealthy citizens. Repealing this tax would add almost $270 billion dollars to the federal deficit over ten years and would effectively render the United States a feudal society in which classes are stratified and immobile.
The original intent of the estate tax was to ensure that wealth did not become too concentrated in one family or estate. The reasoning for this is that with high levels of concentrated wealth, estates can wield political power to bend policy to their own benefit. It was also meant to prevent a static class based society in which the rich remain rich and the poor remain poor. Repealing this tax would be devastating to the Federal Government and the middle and lower classes alike.
The only reason a measure like this was able to get through the House of Representatives is because big corporations and wealthy donors already play too big of a role in the how the U.S. is governed. Something must be done to ensure that the wealthy are not allowed to use their economic power to get even more tax cuts passed for themselves at the cost of the middle and lower classes. Please sign here to insist that President Obama veto this bill if it should ever make it to his desk.
Dear President Obama,
It seems that House Republicans are once again trying to pass legislation that will directly benefit less than one percent of Americans at the cost of the other 99 percent. The attempt to repeal the estate tax is despicable and must be stopped before it even starts. I am writing to ask that if a bill seeking to repeal the tax should cross your desk, you veto it at once.
It is well known and widely accepted that money plays too large of a role in the governance of this country. To allow wealthy interests to essentially buy another tax cut for the already rich would be nothing short of a slap to the face of all those who have under $5 million in assets. Repealing the tax would also mean adding another $270 billion to the national deficit over the course of the next ten years which seems unconscionable.
Please act in the interest of 99 percent of Americans and make sure that the small hope that people have for upward social mobility remains intact.
[Your Name Here]
Photo Credit: 401kCalculator.org via Flickr