Roy Blunt: “I want to say that it is amazing to me that so much of the debate against this bill has been about campaign finance. I…”

“I want to say that it is amazing to me that so much of the debate against this bill has been about campaign finance. I am for the rule, I am for the bill. Two weeks ago, we repealed a tax that we had put on the books in 1898 to fight the Spanish American War. This tax was put on the books in 1916 to fight World War I. It is time to get rid of these 100-year-old special purpose taxes and even the 86-year-old special purpose taxes. People do not have anything at their death that they have not paid taxes on many times. Death should not be a taxable event. You should not have to see the IRS agent and the undertaker the same week or you should not have to see the IRS agent because you saw the undertaker. We need to eliminate this tax. The American people know it is unfair. If a family budget goes in the red, they cut their spending. They do not get a new source of income. There is nothing wrong with cutting taxes and giving the American family the tax break they need.”