The reason Senator George Voinovich gives for voting against repealing the inheritance tax is pretty ironic.
Sen. George Voinovich cast a key vote last week against repealing the estate tax, calling the proposal "incredibly irresponsible and intellectually dishonest" at a time when the nation is dealing with a massive federal budget deficit."I am thinking not only about the present but about our children and grandchildren and the legacy - or burden - we will leave them," said Voinovich, a Cleveland Republican who was one of just two Republicans in the Senate to against a procedural motion that would have allowed the bill to come up for a final vote.
Yeah, I'm sure children and grandchildren would prefer for the government to get a huge chunk of their inheritance.
When you consider that something like 2% of all estates are subject to the estate tax, most children and grandchildren will benefit from a reduced federal debt.
This is really ridiculous that tax..