This is a tax that needs to be eliminated and this law needs to be taken totally off the books. This tax was put on American families, American businesses, to pay for World War I in 1918. We won World War I. We paid for the war. All the bonds have long since been paid off, but this tax is still on the books. Leaving any portion of it in the law allows future Congresses to come back and once again ensure that more and more families have to see the undertaker and the IRS at the same time. It is unconscionable. It should not be what happens to families at the end of a productive career. It should not be what happens to the families that run the kind of businesses, run the kind of farms that the gentleman from Georgia just mentioned. These businesses have been built over years of labor. These farms have been put together over years of labor and hard work. Taxes have been paid on the money that came in. There is no reason for the Federal Government to come in one final time and make it impossible for a family business to continue to be a family business.
Roy Blunt: “This is a tax that needs to be eliminated and this law needs to be taken totally off the books. This tax was put on…”
Editor's note · Context
Addressing the need to eliminate a tax established to fund World War I during a floor debate.
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