NBWA Continues Lobbying for the Rich

I knew this issue wasn’t going away. Congress is again moving toward letting the rich get richer while the rest of us get poorer. A compromised version of the repeal of the estate tax passed the House today and while it’s not quite as onerous as outright repeal, it still leaves a very bad taste in my mouth. What’s that flavor? Greed. Bloomberg has a nice overview of today’s events regarding the estate tax vote. Why is this here? Because the National Beer Wholesaler Association continues to make this their top priority. It has very little to do with the beer business per se, apart from keeping a very wealthy few beer wholesalers as rich as Croesus.

From the NBWA press release:

NBWA Applauds House Vote Calling for Permanent Relief from the Death Estate Tax

ALEXANDRIA, Va. – The National Beer Wholesalers Association (NBWA) today applauded House passage of legislation that aims to provide the nation’s small business owners with permanent relief from the onerous death estate tax. H.R. 5638, the Permanent Estate Tax Relief Act of 2006, sponsored by Ways and Means Committee Chair Bill Thomas (CA-22), passed the House with bipartisan support.

“Today’s vote represents recognition by the House that it is high time to deliver a permanent solution to the death estate tax to America’s small business owners,” said NBWA President Craig Purser. “While full outright repeal is the ultimate goal, in this intense political climate we acknowledge that partial relief is better than nothing. Those groups that oppose Chairman Thomas’s bill in favor of holding out for a vote on full repeal must understand that small business owners need permanent relief now, and the window of opportunity is closing.

“The onus is now on the Senate to act swiftly. The Senate asked for legislation from the House and the House answered the call. Now is the time for Senators to stand up for small, family-owned businesses and support this effort to provide permanent relief from the death estate tax once and for all.”

Horse manure. You can read my earlier equally fair and balanced rant entitled “Enough Already: Time to Cry Bullshit” about this issue.