[Congressional Record Volume 146, Number 71 (Friday, June 9, 2000)]
[House]
[Page H4126]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ENDING THE DEATH TAX
(Mr. CHABOT asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. CHABOT. Mr. Speaker, the Internal Revenue Service burdens the
American people with so many taxes it often seems we are taxed on
virtually every move we make and every breath we draw.
So it is not surprising to learn that when we stop moving and drawing
breath, the IRS taxes us for that, too. Every year, thousands of
grieving families are hit unexpectedly with an unfair provision of law
called the death tax. This provision of law is so burdensome it
prevents more than three out of four small businesses from surviving to
the next generation.
Death taxes reduce potential employment opportunities, encourage
consumption instead of responsible saving and investing, and undermine
the premise of the American dream, which assures that hard, honest work
will be rewarded.
Let us show the American people that the American dream is still
alive. Let us today vote to repeal the unfair death tax.
____________________