Kevin Brady: “A gun is pointed at the head of our taxpayers, and it will go off January 1 unless Congress acts. If we let that gun go…”

“A gun is pointed at the head of our taxpayers, and it will go off January 1 unless Congress acts. If we let that gun go off, it is going to hurt families who are struggling to make ends meet, it is going to hurt small businesses trying to survive this recession, it is going to hurt seniors, almost tripling the taxes on the dividends that they need to live month to month and day to day. It is going to hurt businesses trying to track capital. And it is going to revive the death tax, an immoral tax where you work your whole life to build up your nest egg, your small business, your family-owned farm, and when you die, Uncle Sam swoops in and takes more than half of everything you have earned. All that happens if Congress refuses to act. Some are here today saying, no, let's not change that death tax. Let's raise that death tax. Last night on my Facebook page, I got a posting from Tammy Fisher of East Texas. Her family has had to sell 6,000 acres of their timber land to pay the death tax. They held that land for 100 years. Clarence Leaveritt of Texas is a rancher. His grandmother died. They had to take out a loan from the bank to pay the death tax. They are still paying on it. His father passed away recently, and they had to take out a second loan. Today he is paying two loans to Uncle Sam and can barely keep his ranch.”