it is certainly a tax that every American should be concerned about. Not only that, the idea that the only people who pay it are the wealthy, I mean, go and look at the farmers of America today. Find me, this wealthy farmer out there who has wealth, as I say, yes, he has got wealth in the land, but it is just in the land. In order to transfer that wealth into true, hard, honest dollars, he has to dispose of it or his heirs do in order to pay this tax. So it is bogus to suggest it is Daddy Warbucks, as the liberals and the Democrats want to suggest. That is the kind of picture they want to conjure up when we talk about eliminating the inheritance tax or the death tax. Well, it is not. It is the family farmers in Kansas and Colorado and Oklahoma and throughout this land that work every single day to put food on our tables. So my distinguished colleague, the gentleman from Colorado (Mr. Schaffer), is absolutely right in that respect.
Tom Tancredo: “it is certainly a tax that every American should be concerned about. Not only that, the idea that the only people who…”
Editor's note · Context
Discussing the impact of the inheritance tax on American farmers.
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