Today, Paul Krugman writes, under the headline "Stop, you’re killing me" the following:
Eight and a half years ago, when I dubbed the first Bush tax cut the Throw Momma from the Train Act of 2001,
I didn’t really think that we’d get to the point where there would be
strong financial incentives for wealthy heirs to bump off their parents
before the legislation expired, and the estate tax was reinstated….[but] it’s really happening.
As Paul might say, uh no. Or at least not yet. The estate tax goes away in January of 2010 so the story today is that the rich have an extra incentive to keep momma on the train or, as the WSJ correctly puts it, Rich Cling to Life to Beat Tax Man. (What happens in 2011, however, is another story although the law will almost certainly be changed by then.) Paul, it seems, just can't stop blaming Republicans for killing people or maybe he just had to make the story fit his Monty Python clip.