Thomas Foley: “I applaud the House today for considering this very important initiative. In the late 1950s, many Hispanic-Americans…”

“I applaud the House today for considering this very important initiative. In the late 1950s, many Hispanic-Americans came to this country. Cuban-born fleeing Cuba because of the tyranny of Fidel Castro. He stole their property. He stole their fortune, and they left their homeland penniless and came often to south Florida. They worked hard against daunting odds, new to a country with no family roots in this Nation. They succeeded oftentimes because of hard work and a lot of the American freedom and spirit and integrity. Lo and behold those same, now Americans born in Cuba, are suffering because estate taxes are depriving their heirs of their heritage. They left Communism to come to freedom and find our own policies here in America confiscatory. Now, a lot of people keep talking about the rich, oh, the rich in America. The rich know how to figure it out. They have the dollars in their pocket to buy high-dollar denomination insurance policies or they leave their money to trust. Ted Turner, Bill Gates, look at the billions they have given away, and they will deplete the accounts before the U.S. government will get their hands on it. They are smart. They are sophisticated. They made it their own way.”