Political Quotes

“those who have followed the proceedings of the Senate over the last 2 weeks understand we have been debating changes in the Tax Code. The two changes we have focused on are changes in the estate tax and changes in what is known as the marriage penalty. These are two very interesting proposals that have been before the Senate but they really tell the story about the priorities of the Senate when it comes to dealing with the economy and helping families across America. The estate tax, which we have considered and passed in a version last week to ultimately repeal it, is a tax which affects a very small percentage of Americans. In fact, fewer than 2 percent of American families will pay the estate tax. Those who end up paying it are the wealthiest people in America. It is curious to me that when we established our list of priorities in this Congress as to tax relief, the first people in line were the wealthiest people in America. That is not to say we should not consider tax relief that involves them, but I think everyone understands that average families, smaller businesses, and family farms have priorities, too, when it comes to tax relief.”