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No Oil Heir Left Behind

The kids of the nation's oil execs stand to reap more than $210 million if the Estate Tax is repealed permanently according to a congressional report. Forget Paris Hilton. They oughta call it the Lee Raymond Jr. tax. The kids of the former Exxon CEO —who recently took a retirement package worth $400 million —stand to inherit an extra $160 million that would otherwise go to pay for national defense, education, Medicare and other vital government programs.

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