Gingrich: Hard Working Dead People Should Keep Their Money
Republican Presidential Candidate Newt Gingrich tells a crowd of supporters in Minnesota: “In addition on taxes, we would abolish the ‘death tax’ permanently because we believe that it is very, very important that people who work hard are allowed to keep what they earn.”Gingrich is referring to the inheritance tax. He apparently is asserting that the children of the dead worked hard for their parents money.
Gingrich had some other interesting statements during his speech in Bloomington, MN.
On capital gains he had two plans for capital gains tax rate which right now is about 15%. First cut it to zero… and then reduce it to 12.5%.
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