Political Quotes

“Mr. President, last week I introduced a bill to permanently repeal the death tax. I have been pushing to repeal the death tax for a long time because I have seen the consequences the tax can have for family farms and ranches and for family businesses. And I am proud that we protected a lot of family farms and businesses 3 years ago with the Tax Cuts and Jobs Act by doubling the death tax exemption, but the death tax is still a big problem. First of all, the change we made to the death tax in the Tax Cuts and Jobs Act isn't permanent. The increased exemption level expires at the end of 2025. Second, Democrats, who are always eager to seize any possible revenue source, have proposed not merely returning the exemption to its previous level but reducing it even further. And that would be a big problem for a lot of family farms and businesses. The death tax is a fundamentally flawed idea, both in theory and in practice. Every American, of course, has an obligation to pay taxes to help support our government, but there should be a limit to how many times the government can tax you. And death should not be a taxable event. The money you leave at your death has already been taxed by the government at least once, which makes the death tax double taxation. People who support the death tax tend to talk as if the death tax only affects the fabulously wealthy, but that isn't the case.…”