Judd Gregg: “So we aren't talking about the wealthiest Americans. We are talking…”

On the recordMarch 12, 2008

So we aren't talking about the wealthiest Americans. We are talking about people with significant wealth, up to $10 million. But a family farm can easily be valued at $10 million. A small business, a restaurant could easily be valued at $10 million. A small software company could easily be valued at $10 million. So we are talking about continuing, without major tax consequences, small businesses and farms that otherwise would be subjected to a very onerous tax which might put them out of business; is that not correct?

Said by

Judd Gregg

Source

govinfo.gov

Editor's note · Context

Discussing the impact of tax policies on small businesses and family farms.

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Judd Gregg: “So we aren't talking about the wealthiest Americans. We are talking about people with significant wealth, up to $10…”

Editor's note · Context