Chuck Grassley: “Most of my colleagues know this about me--for as many years as I have been a representative of the people of Iowa, I…”

“Most of my colleagues know this about me--for as many years as I have been a representative of the people of Iowa, I have never believed that death--a person dying--should be a taxable event. Taxing people's assets upon their death is plain wrong, and their heirs should not be forced to sell a single asset in order to meet this arbitrary tax due date caused by death. Company assets should not have to be sold to pay taxes. The market, in fact, should determine when things are bought and sold because that is the very best measurement when a willing buyer meets a willing seller and they agree on a price and a time when a company should be sold.”