As we follow the political theater (nightmarish as it is) that’s unfolding during the primaries and President Barack Obama’s re-election campaign, we’re often stunned the issue of increasing taxes on the wealthy (as defined by the left) appears to center on the arbitrary number of $250,000 for joint tax filers. We believe the real point is being lost in all the rhetoric. Consider: Not a day goes by when we don’t learn of massive fraud and incompetence by our government, the best recent example of which was last week’s revealing of $325 million in Medicare fraud in Texas. We just don’t know how, on any level, anyone can make a case for sending more money to Washington, knowing our federal government’s putrid record for stewardship of our tax money. It will waste the money from the rich just as it wastes the money from the rest of us. So, we ask again: How does it make sense to send one additional penny to the geniuses inside the Beltway? Where is the logic in that?
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The so-called party of less government, less intrusion and fewer taxes, while in control of both houses and the governor’s office, should have done away with this from Minute One. Indiana is one of 22 states that impose an estate or inheritance tax (or death tax) on its residents. The House has passed the measure to abolish the tax, and as of press time, it was in the Senate’s hands. All that would be left would be for Gov. Mitch Daniels to sign it into law. That would end the punishment of Hoosier families. We hope they’ll do the right thing.