We are not adverse to developing a plan of tax incentives to give our fellow Americans, the entrepreneurs, the incentive to go ahead and drill where they might fail; but we ought to give them that incentive to do so and to otherwise bring technology into place for the development of all these resources.
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More from Hon. George W. Gekas
It is on the creditor, and that really conforms to the general state of the law in such cases. There has to be affirmative evidence of fraud having been committed so that the creditor must come forth.
The point is that transfers being a way of life, it is possible that the capital gains tax relief that is granted to people otherwise would not be granted to a member of the armed services because of the rapid transferability of every…
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