Think Progress reports:
Ten Democrats vote for Sens. Kyl and Lincoln’s bill protecting the children of multimillionaires.
Sens. Jon Kyl (R-AZ) and Blanche Lincoln (D-AR) recently introduced a $250 billion amendment to slash estate taxes for the heirs of multimillion-dollar estates. Yesterday, the Senate narrowly passed the bill by a 51-48 vote. Joining Republicans in approving the bill were ten Senate Democrats:Baucus (D-MT), Bayh (D-IN), Cantwell (D-WA), Landrieu (D-LA), Lincoln (D-AR), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Tester (D-MT)
As the New York Times explained, under Obama’s budget, “99.8 percent of estates will never — ever — pay a penny of estate tax. The heirs of the remaining 0.2 percent of estates are who Ms. Lincoln and Mr. Kyl are so worried about.”
This should not be as shocking as it is.