"Anti-poverty advocates, business groups and unions all realize it’s now or never for Congress to move on restoring the estate tax. [...]
On a conference call organized by [United for a Fair Economy] Wednesday, AFL-CIO President Richard Trumka and former Treasury Secretary Robert Rubin came together to support reinstating the tax. [...]
Both Rubin and Trumka said restoring the tax would be 'sound policy.' 'You would actually increase demand, not decrease demand, if you restored the estate tax immediately,' Rubin said. [...]
Trumka described the Lincoln-Kyl proposal as a weak compromise that he could not support, and the measure is unlikely to win the votes of liberal Democratic senators. [...]
He favors legislation sponsored by Sens. Tom Harkin (D-Iowa), Bernie Sanders (I-Vt.), Sheldon Whitehouse (D-R.I.) and Sherrod Brown (D-Ohio). Their bill would reinstate the estate tax at 2009 levels but include a more progressive tax rate.[...]"
Read the full length article by Kevin Bogardus at TheHill.com