Political Quotes

“with the economy strong and our government taking in budget surpluses, the time has come to address some nagging fairness issues in our Tax Code. The House has already done that twice this year by passing relief from the marriage tax penalty and voting to end the Social Security earnings limit. Now the time has come to address another unfair provision in our Tax Code, the death tax. Today, when a person dies, the Federal Government assesses a tax of up to 55 percent on the value of his or her estate. Thus, many Americans, small business owners and farmers, are unable to pass on their life's work to their children. This is totally unfair. Today, the House will be voting on the Small Business Tax Fairness Act which will deliver relief from the death tax. This commonsense legislation will make it easier for Americans to pass on a small business to the next generation. We should all support this bill that will help restore the American dream to American families. In fact, we ought to get rid of the unfair death tax altogether.”