On the recordApril 15, 2015
I thank the gentleman from Ohio for yielding. I rise in strong support of the rule and especially in strong support of the underlying legislation to repeal the death tax in the United States of America. Mr. Speaker, if you look at what the death tax is, this is an attack on family-owned businesses. You are talking about people who have built up, as part of the American Dream, built up businesses that are creating jobs across this country. These people, by the way, paid taxes all along the way as they were building up that business. The business has already been taxed multiple times in some cases by the Federal Government; yet because of the death tax, when the businessowner dies, the first thing the Federal Government does is Uncle Sam shows up not to issue condolences to the grieving family, but to send them a massive tax bill that, in many cases, Mr. Speaker--in many cases--threatens the very existence of that business. What we hear from small-businessowners all across the country and family-owned businesses is that, in many cases, when their loved ones die, while they are trying to figure out how to grieve and how to take care of the family from there, in many cases, they have to spend those first few weeks figuring out how or even if they can keep the family- owned business. In many cases, we see people having to sell their family-owned business that they wanted to pass on to the next generation just to pay the death tax. This is morally wrong, Mr.…
Source
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