Now I have got one question. Who among us who makes $40,000 a year can afford to meet the staggering burden of a death tax? Now to me the clear solution is this: We should eliminate the death tax. It is an unfair tax. It is a tax that puts burdens on people when they do not need any more burden. It also creates an environment where people no longer want to save, they no longer want to work, there is no reason for them to, and we are not giving them an incentive. And we create an environment that hurts our economy, and hurts our small businesses and small farms all around this Nation.
James Whittier Parker: “Now I have got one question. Who among us who makes $40,000 a year can afford to meet the staggering burden of a death…”
Editor's note · Context
Discussing the impact of death taxes on small businesses and families.
Share
More from James Whittier Parker
Let me tell my colleague, the gentleman from Georgia [Mr. Kingston], an interesting thing. The change in the depreciation on the alternative minimum tax, let me tell him what it means. If you have got a business and you reinvest in…
And they create less jobs, and also businesses wind up leaving this country because they cannot make it in the environment in which they find themselves.
One thing that he said which had struck me, and it has stayed with me over years now, he said the American people have not experienced the benefits of a surplus economy since World War II. I think it is significant that we have not had a…
Just to put the figures into perspective, if we look at the three basic divisions that are in this bill, we are talking about State grants and weatherization, DOE, industrial programs in DOE transportation programs. The State grants and…





