Political Quotes

“I think about a farm family, a farm couple, say in their eighties. Say they have an estate of $5 million. Listening to the debate today, they must be thinking, thank goodness for the majority, thank goodness they are helping us. In reality, let us make it very, very clear, the majority bill does nothing until the year 2011. It does not change a thing. If they had a choice to make, eliminating the estate tax for more people now or wait until later and then repeal it, they took the latter route. We will show Members that reform now is very, very important to so many of the people they have been talking about all afternoon. Let us compare how the bills contrast. We would establish an estate tax exclusion: no estate tax for couples with $6 million in assets beginning January 1. They would leave the law for estate taxes at $2 million. If one is above $2 million, they are going to have tax, under their proposal. How about 2004? They take it to $3 million; but we are at $6 million, way more meaningful relief for that farm family.”