Political Quotes

Bill Archer: Mr. Speaker, today we have a final chance to save family farms and small businesses that will be sacrificed to pay the…

On the recordSeptember 7, 2000
Mr. Speaker, today we have a final chance to save family farms and small businesses that will be sacrificed to pay the unfair death tax. This vote is about whether or not we stop the Federal government from confiscating farms and businesses through an aggressive tax that attaches a penalty to the end of life. It is not the top rich. The rich do not pay these taxes. It is people like me when I used to be in the pest control businesses. It is a plumbing business that puts all of its assets aside as they build this business and create jobs. These are people that do not make $100,000, $200,000, $400,000 a year. Most of the time these people take in $60,000 or so to fund their own families. Then when they die, the government comes in in a very unfair way and takes their businesses, and also costs jobs because the people that work for those businesses lose their jobs because they have to liquidate in order to pay this onerous tax. The death tax punishes Americans who achieve their financial dreams. What is worse, it targets American farmers and these small business owners that are trying to sustain what they have worked their whole lives to build.
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Bill Archer
Texas

Editor's note · Context

Discussing the impact of the death tax on family farms and small businesses.

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