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Investing in Estate Tax Reform: How 18 Families are Trying to Soak America
Matt Singer on April 26, 2006 - 6:41pm
What was once a brilliant line from a screenwriter is now a solid rule of politics: "Follow the money." Any time there's a sweetheart provision inserted into legislation, there's probably a trail of spending by those who would benefit. All of which explains why Public Citizen and United for a Fair Economy were able to tie the entire campaign to end the estate tax back to the efforts of eighteen families. The names of some of these families will come as no surprise to many of our readers:
- The Waltons -- Heirs to Sam Walton's billions, the family behind Wal-Mart stands to save billions of dollars with the repeal of the Estate Tax.
- The DeVoses -- The founders of Amway are interested in getting their way. We've profiled Dick DeVos before. He and his wife speak poorly of high wages, but claim to support vouchers because of how they help further education. Right. We're sure his family supports the estate tax repeal in order to help family farmers.