Lincoln can't quit the millionaires | Arkansas Blog

Lincoln can't quit the millionaires



Sen. Blanche Lincoln is speaking to the Bar Association today. Reports from Jason Tolbert via Twitter indicate she just can't quit the wealthy. She'd extend Bush tax breaks for all, at least to some degree. By his account, she's expressed support for "limited" tax cuts for people with taxable income of $250,000 to $1 million and tax cuts for millionaires "only if done responsibly." Whatever the hell that means.

She repeated her long support of a renewed estate tax with a $5 million exemption ($10 million for a couple), indexed for inflation, and a 35 percent top rate. This compares with $3.5 million ($7 million for a couple) and 45 percent on top dollars in 2009. It is, in short, a proposal that would produce a multi-billion-dollar savings for the richest people in America, several of whom happen to live in Arkansas.

Some video from Jason Tolbert, with Lincoln dancing on taxes with reporters afterward:

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