Former Goldman Sachs co-head and current co-Chaur of the Council on Foreign Relations, Robert Rubin, hedge fund operator Julian Robertson and Walt Disney heir Abigail Disney are calling on Congress to reinstate the estate tax before the August recess. These three, along with AFL-CIO President Richard Trumka will speak at a press conference today.
It should be noted that Rubin, Robertson and Disney have set up huge trusts that will protect a sizable chunk of their assets from any estate tax.
Leona Helmsley was right, only the little people pay taxes.
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