I hear from people of various political persuasions... there is an insistence, not born of greed but of genuine compassion and old-fashioned Yankee ingenuity, that people want to hang on to more of their money to save, spend and invest as they see fit on their families, not rejecting the notion of compassion but to truly be compassionate. And so what I hear... is widespread interest in changing, repealing... death to the death tax, and rethinking and reducing the capital gains taxes. Indeed, we might point out... when we talk about the death tax, it is truth in labeling, because under the current scheme, in the current lexicon, people talk about estate taxes as if this were some sort of palatial gains. It does not tell us the truth.
NAN A. S. HAYWORTH: “I hear from people of various political persuasions... there is an insistence, not born of greed but of genuine…”
Editor's note · Context
Discussing tax reform and the desire to repeal the death tax during a floor speech.
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