Report: Giant life insurance lobby key force behind estate tax

Instapundit reports:

“The report highlights the contrast between the public perception of estate tax proponents as fighting to break up wealthy, almost oligarchic families and the reality that a key force behind the tax is an industry for which ten percent of its revenues depend on maintaining the status quo. One of the most outspoken voices urging a higher estate tax, Warren Buffet, owns six life insurance companies, the report says.”

Warren Buffet: man against libertarianism.