Political Quotes

Don Nickles: “I just totally disagree. I am one of those individuals who wants to reduce the inheritance tax, and I don't think I am…”

On the recordApril 22, 1997
I just totally disagree. I am one of those individuals who wants to reduce the inheritance tax, and I don't think I am trying to do it for greedy individuals. I think the tax is unfair. It is too high. The Senator from Indiana mentioned the fact that farmers and ranchers worked hard in their lifetime to build up a ranch, farm, or estate, and find that Uncle Sam is taking 39 percent, maybe 45 percent, or 55 percent of that estate. I think it is too high. It is higher even than the income tax. If you have a taxable estate of $1 million and you are at the 39 percent tax bracket, that is too much.
Said by
Don Nickles
Oklahoma
Source
govinfo.gov

Editor's note · Context

Discussing the need to reduce inheritance taxes during a floor speech.

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