Political Quotes

On the recordJune 16, 2010
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.
Said by
Chuck Grassley
Republican · Iowa
Source
govinfo.gov
Jun 16, 2010

Editor's note · Context

Grassley addresses the need for estate tax reform and his opposition to taxing assets upon death.

Share

More from Chuck Grassley

Aug 7, 2026

Beyond his obvious qualifications and successful track record, Blanche has demonstrated extraordinary patience, compassion and tenacity as he’s made his way through the gauntlet of the Senate’s advice and consent process.

westvirginiawatch.com
Aug 7, 2026

Our nation’s bankruptcy code should work for Americans, not against them. By eliminating barriers to reorganization and restoring modern debt limits, the bipartisan Bankruptcy Threshold Adjustment Act would provide American families and…

coons.senate.gov
Jun 16, 2026

We better put our heads together, or we’re going to lose the opportunity of getting E15.

iowacapitaldispatch.com

Other voices in this conversation