Pat Boone: Obama's Plan to Raise Estate Tax is 'Robbery'

Newsmax


Pat Boone: Obama's Plan to Raise Estate Tax is 'Robbery'

Friday, June 22, 2012 09:26 PM

By: Todd Beamon and John Bachman



President Barack Obama's promise to raise the estate tax by 5 percent to 55 percent should he be re-elected in November is “not just wrong, it’s criminal,” legendary singer Pat Boone told Newsmax.TV.



"People that have worked hard, people who have saved, paid their taxes, set something away and now want to leave it to their family — if they have the bad judgment to die, the government will step over and say: ‘Thank you. We will take 55 percent of that,’ ” Boone told Newsmax in an exclusive interview on Friday.



"And if you have to sell your business, have to sell your house, have to borrow the money, you have to pay the government 55 percent of whatever was left — I think that’s just robbery. It’s not just wrong, it's criminal. It ought to be abolished, and it must be abolished."



Watch our exclusive interview. Story continues below.






http://www.newsmax.com/Newsfront/Boone-estate-robbery-Obama/2012/06/22/id/443223