On the recordAugust 3, 2006
this legislation is known as the trifecta. What a perfect name. What a perfect name for this legislation. Do you know what a trifecta is? It is when you go to the racetrack and you pick the horses that win, place, and show in the proper order--first, second, and third. The reason that is the right name for this bill is that a trifecta is a high-stakes gamble. That is exactly what this bill is. It is a high-stakes gamble with America's future. A trifecta is also a bet where there are many more losers than there are winners. And that is exactly what this bill is. There will be many more losers in America, if this bill is enacted, than winners. How about the winners when it comes to the estate tax? How many Americans are affected by the estate tax? If one listened to the other side of the aisle, one would think that every person who gets up in the morning and goes to work is going to pay the estate tax to the Federal Government. Guess what. When you take a look at the chart, look for that thin red line on this big blue circle. It represents 2 estates out of every 1,000 in America. Mr. President, .2 percent of the estates in America are wealthy enough to pay anything into the estate tax.…
Source
govinfo.gov




