Political Quotes

“the death tax kills small family-owned businesses, it makes financial planning nearly impossible, and it is an unfair form of double taxation. The death tax is itself the leading cause of death for over one-third of all small, family-owned businesses who cannot afford to pay a death tax rate of up to 55 percent in order to keep the family business alive. Under current law, there will be no death tax owed in the year 2010, but, in 2011, death taxes go up to 55 percent. Unfortunately, the only family-owned business in America who knows whether someone will die in the year 2010 is the Sopranos. The rest of us have to spend thousands of dollars each year on accountants, lawyers, and financial planners to make sure our family-owned business survives. Mr. Speaker, I urge my colleagues to vote yes to completely repeal the death tax once and for all.”