Democrat Joyce Elliott and Republican Tim Griffin came together for what is likely their last debate in the race for 2nd District Congress.
Tim Griffin would completely eliminate the estate tax. Even Blanche Lincoln hasn’t gone that far. He’s dishonest, too, suggesting it amounts to a double tax. Most wealth accumulated in estates is appreciated assets that have not been taxed previously — see, for example, Walmart stock. Joyce Elliott’s answer on this, however, is formless, terrible really. She’s trying to say she’s sympathetic to the wealthy without saying what must be said — the U.S. can’t afford NOT to extend the estate tax, perhaps with a higher amount to pass tax free (Lincoln would exempt $10 million for a couple, an amount sufficient to free all but a handful of Arkansans from every paying an estate tax.)
John Brummett declares Elliott the winner of the debate by a landslide.
More from Gerard on the jump.