Buffett calls for retention of estate tax

[...]
"It's a very equitable tax," Buffett said. "It's in keeping with the idea of equality of opportunity in this country, not giving incredible head starts to certain people who were very selective about the womb from which they emerged."

Buffett, the second richest man in the world, after
Bill Gates, spoke less than three weeks after the U.S. Senate fell three votes short of advancing a bill backed by
President George W. Bush that would permanently repeal estate taxes.

Democratic opponents have argued that a full repeal would cost the U.S. Treasury about $1 trillion over the next decade, and principally benefit the ultra-rich. Permanently repealing estate taxes is a long-sought Republican goal.
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