Tag: estate tax exemption

balanced budget

New book argues that balance requires the wealthiest top 1 percent to start paying taxes again  Some observers point to the sorry condition of our federal finances as a rationale for cutting Social Security and Medicare – not to mention programs for the most vulnerable, such as Medicaid and SNAP.  Indeed, federal spending in 2025…

Donald Trump signing the Big Beautiful Bill into law with Congressional leaders clapping

How the OBBBA Cuts a Tax that Truly Benefits Only the Mega Rich. Like the majority of Americans, I sometimes find myself unimpressed with the U.S. Congress.  In fairness, they have a tough job balancing the interests of a country as large and diverse as the U.S.  Yet, the recently passed One Big Beautiful B…