Political Quotes

David Thomas: “I note that the gentleman, in his exuberance, might have left a false impression that under the Democrat substitute…”

On the recordApril 4, 2001
I note that the gentleman, in his exuberance, might have left a false impression that under the Democrat substitute every American has a $4 million exemption in their bill. That is not the case. In fact, it is far from it. In addition to that, the gentleman apparently left the impression that we do not do anything about easing the relief of the death tax during the 10-year phase-down period. The gentleman knows full well that is not the case either. So as we carry on our discussions, I do hope that, to the best of our ability, we stick to the facts.
Said by
David Thomas
New York
Source
govinfo.gov

Editor's note · Context

Addressing misconceptions about the Democrat substitute regarding tax exemptions and the death tax.

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