I just want to go back and make sure we do not miss anything on the death tax inhibiting economic growth because I have listened to my colleagues on both sides of the aisle talk about creating jobs. The threat of a resurrected death tax will force American families to make inefficient investment decisions and to waste resources in an effort to comply with the death tax. Studies show that repealing the death tax would create as many as 200,000 extra jobs each year across America. Jobs are lost when businesses are liquidated to pay death taxes and to make decisions not to expand because of anticipated death tax liabilities.
Kim Reynolds: “I just want to go back and make sure we do not miss anything on the death tax inhibiting economic growth because I have…”
On the recordJune 18, 2003
Source
govinfo.govEditor's note · Context
Discussing the impact of the death tax on economic growth and job creation.
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