Steve Bloom is as “free market” as they come. “No economic system in the history of the world has worked as well as the free market to bring people from poverty to prosperity and free them from oppression,” Bloom said in a recent interview with the Pennsylvania Manufacturers’ Association.
Death to the Death Tax!
Despite grumbling over what didn’t happen this past June, there is at least one major accomplishment that deserves more attention. In the tax code enacted with the General Fund budget, the General Assembly eliminated the inheritance tax -- more appropriately the “death tax” -- levied on a business when sons, daughters, or other family heirs take leadership of it upon the death of the owner.