Jack Kingston: “in 1978, Susan Tagera left her corporate job at IBM and decided to pursue her American dream of owning her own business…”

“in 1978, Susan Tagera left her corporate job at IBM and decided to pursue her American dream of owning her own business, a bicycle shop. She worked real hard over the 21 years to build up this shop and get a good clientele. Unfortunately, now she has breast cancer. She has to do something about the shop. She is passing it on to her son. Only one problem. It has got an estate tax problem. See Uncle Sam has got it so that enterprising businesswoman like Susan cannot successfully pass their business on to the next generation. That is why we need estate tax relief so that small business owners like Susan and millions all over America and family farmers can pass on what they have worked hard and struggled for and dreamed about, just pass it on to the next generation. At the same time, they will be economically independent so that they will not have to depend on tax dollars for their livelihood and long-term care in the future. They have become independent. Why does our Tax Code penalize them? This week, Congress has a chance to help Susan out by voting for estate tax relief. I hope that all Members on both sides support this legislation.”