Senator Chuck Grassley, 87, has caught the Covid-19 virus. In 2017 the Senate wanted to set the amount a couple could exempt from the estate tax at $22.4 million. Here is what Sen. Grassley said at that time: “I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”
If I had saved every bit of money I have spent on booze, women, and movies, and it was a pile, it still would not add up to $22.4 million.
The quote can be found in Paul Krugman, “Republicans Are Coming for Your Benefits,” New York Times, (Dec. 5, 2017), p. A26.
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