Political Quotes

On the recordMay 6, 2010
I came tonight to talk about a couple of subject matters. One of them that is on the front of my mind is the tax situation here in the United States. We are watching and we watched as the two Bush tax cuts were passed over the last 8 or so years, the 2001 and then the 2003 tax cuts. May 28, 2003, is when the effective ones were passed, the reduction in capital gains, dividend taxes and a series of things. And of course the language that is there on the estate taxes which are suspended for this year, and they go on in full force at the end of this year, and nothing has yet been done. Something does need to be done. I am for a complete abolishment of the estate tax, Mr. Speaker, and I am for the reinstatement or the extension of the Bush tax cuts, if we can get them.
Said by
Steve King
Republican · Iowa
Source
govinfo.gov
May 6, 2010

Editor's note · Context

The speaker discusses the tax situation in the U.S., focusing on the Bush tax cuts and estate tax.

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