Political Quotes

James Whittier Parker: Washington is confiscating the American dream. Family farmers and small business owners work their entire lives to earn…

On the recordJune 11, 1997
Washington is confiscating the American dream. Family farmers and small business owners work their entire lives to earn a living and build a farm or a business they and their children can be proud of. Then, at the moment of greatest family grieving, when the owner dies, the IRS steps in to take up to 55 percent of that farm or that business. The IRS calls this the estate tax. This is a death tax. It is a tax for dying. The farmer and the businessperson have paid income taxes, self-employment taxes, property taxes, and school taxes. After all that, Washington wants to take up to 55 percent more just because the owner died; no other reason. Death and taxes may be inevitable, but they do not have to happen at the same time. It is time for Members of this body to realize that we should have no taxation without respiration.

Editor's note · Context

Addressing the impact of the estate tax on family farmers and small business owners.

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