Mike Capuano: “I have heard an awful lot of comment today about how immoral, unethical, and somehow evil the estate tax is. Well…”

“I have heard an awful lot of comment today about how immoral, unethical, and somehow evil the estate tax is. Well, obviously, we can have philosophical agreements, but I would ask if that is the case, as of right now today, there are 16 States that have their own estate tax of significant nature, 7 of those have a complete Republican-controlled legislature and governor, none of them have repealed it. Are they completely immoral and unethical, or are they just wrong? If they are just wrong, maybe we better get on the phone and call them and tell them that. And when we do, maybe we need to suggest to them how they are going to raise the $6 billion that they raised in the last year to pay for policeman, fireman, teachers and et cetera. And on top of that, I just want to repeat what I said earlier, it is not a 50 percent tax, it is a 20 percent tax at this point. The democratic substitute will lower it to a 16 percent tax. The average person after tax, after tax, the average person who is subject to this tax will still have $2.7 million left. My gosh, how difficult it must be to get by on that amount of money.”