Bob Schaffer: “The common misconception by the liberals on the House floor when we debate reductions in the death tax or the…”

“The common misconception by the liberals on the House floor when we debate reductions in the death tax or the inheritance tax is that this is a tax that one only needs to be concerned about if one is extraordinarily wealthy. But the inheritance tax applies to anyone who has parents and who is part of a will or a trust or estate. It is virtually every American. Mr. Speaker, does the gentleman from Colorado (Mr. Tancredo) agree with me that this is a tax that every single American ought to be concerned about?”