Political Quotes

“Mr. President, there are a few, quote-unquote, winners under Democrats' $3\1/2\ trillion tax-and-spending spree--unions, for example, and electric vehicle manufacturers. But there are a lot more losers, like middle-class families, who have to stretch their paychecks to cover higher inflation and higher energy bills; workers, who will see jobs and opportunities shrink; and farmers and ranchers. Agriculture is the lifeblood of my home State of South Dakota, and so ag issues are pretty much always on my mind. And I am deeply concerned by what Democrats' tax-and-spending spree will mean for South Dakota farmers. For starters, I am worried that the Democrats' bill could mean the end of some farms, thanks to the bill's expansion of the death tax. Now, I have long crusaded against the death tax. Death should not be a taxable event, and there should be limits on how many times the government can tax the same money over and over and over. But I get particularly fired up when talking about the death tax when it comes to farmers and ranchers, because the death tax can threaten the existence of family farms and ranches. You ask why. Because farming and ranching are often cash-poor operations. Farmers' and ranchers' money is tied up in their land, not the bank. So a farmer could have land worth as much as several million dollars and still struggle to break even in years where the harvest has been poor.…”