On the recordSeptember 19, 2002
We have talked about death tax repeal for a long time. For years, literally. We have talked about the effect the repeal of the death tax would have in freeing small business to create more jobs. In fact, if this resolution is successful, small businesses estimate that 200,000 jobs would be created in this next year in this country. Certainly at a time of economic downturn, that is the sort of growth piece of tax legislation that we are looking for. We have talked about the effect of the death tax on women-owned businesses. In fact, the National Association of Women Business Owners a couple of years ago did a survey and they discovered that the cost of compliance to comply with the death tax is about $1,000 a month for the average small business owned by women. These are dollars, Mr. Speaker, that these women would like to put into benefits for their employees, into health care coverage, a huge need in this Nation. These dollars are wasted dollars.
Source
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