my constituent Mary Ann wrote me about the effect of the estate tax on her family's farm. Her mother's family owned that farm for five generations. Mary Ann promised her mother it would stay in the family for generations to come. After her parents passed away, Mary Ann was faced with the high cost of the estate tax on the valuable family land she had inherited. Sadly, the family had to part with the farm in part due to the death tax. Examples such as this have become far too common in my district and across this great Nation. The estate tax has devastated numerous family farms and businesses. It discourages entrepreneurship, thrift, and diligence. We should not penalize an individual's efforts to make life better for their children. I am opposed to the government taxing anyone's property simply because the owner has died. The time has come to permanently repeal the estate tax. I urge my colleagues on both sides of the aisle to join me in ending the death tax once and for all.
Jim Ryun: “my constituent Mary Ann wrote me about the effect of the estate tax on her family's farm. Her mother's family owned that…”
Editor's note · Context
Discussing the impact of the estate tax on family farms during a floor speech.
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