Political Quotes

On the recordJune 15, 2010
Thank you very much for yielding, and again, you go back to the Responsibility Investment Act again, you were talking about cutting taxes here and what we can do to really get things moving. Again, if you get rid of and make permanent the repeal of the death tax, well, what happens? People are going to say, now I can invest that money back into the business instead of going out saying, how am I going to try to soften the blow when the taxes finally come, you know, through buying insurance or, you know, going to multiple years of tax planning on how you're going to get this thing done? And I'm sure everybody this year is going crazy with the thought that the death tax comes screaming back at the $1 million level at the end of this year, and you have a lot of folks with their A and their B trusts already funded where they're supposed to be, and they're going to say, now what am I supposed to do? So it's right back doing what? You know, it's not just the money that people invest, it is also the time. If you think how much time is invested by businesses to try to figure out how they have to cope with all these taxes and regulations out there, I think that that's one of the important things out there. Again, in a piece of legislation that I have on the Responsibility Investment Act, again, repealing that death tax, we're talking about what we can do on the small business side.…
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Bob Latta
Republican · Ohio

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