William H. Frist said "that is exactly right. What is important is the permanent solution. Right now, it is absurd to think we almost have to have three types of planning for when you die: over the next 3 years, as these prices come down; and then total elimination for a year; and then jump back up to a rate of, as my distinguished colleague from New Hampshire said, as high as 60 percent in 1 year, with that exemption falling back down to $1 million. So what we propose, what we will be voting on now--and then that is it, that is it for this year--is a permanent solution to give certainty so people will know what the laws are, what the taxes will be, and clearly relieve most of the incentive that discourages savings and investment." @ PoliticalQuotes.com

On the recordAugust 1, 2006

that is exactly right. What is important is the permanent solution. Right now, it is absurd to think we almost have to have three types of planning for when you die: over the next 3 years, as these prices come down; and then total elimination for a year; and then jump back up to a rate of, as my distinguished colleague from New Hampshire said, as high as 60 percent in 1 year, with that exemption falling back down to $1 million. So what we propose, what we will be voting on now--and then that is it, that is it for this year--is a permanent solution to give certainty so people will know what the laws are, what the taxes will be, and clearly relieve most of the incentive that discourages savings and investment.

Said by

William H. Frist

Tennessee

Source

govinfo.gov

Share on X Share on Facebook Email this quote