[Congressional Record Volume 146, Number 102 (Wednesday, September 6, 2000)]
[House]
[Page H7220]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ESTATE TAX
(Mr. EHLERS asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. EHLERS. Madam Speaker, when I was a young lad, I grew up
successively in two different farming villages. One had 800 occupants.
Another had 200. And I became acquainted with the work of the farmers.
They work very, very hard. They struggle to build their farms. They
reinvest in their farms. And when they die, they want to leave it to
their children.
But unfortunately, because of something called the death tax,
established in order to finance World War I, they frequently are not
able to leave that farm to their children.
The death tax can be as high as 55 or 60 percent. They simply cannot
afford to pay the tax in order to keep the farm. They do not have the
cash. Their money is tied up in the land.
We passed a bill in the House and the Senate to get rid of the death
tax. The President vetoed that plan. He and the Democrats in this
Chamber argue that this is a tax cut for the rich. They should go talk
to some farmers. They will find out they are not rich. Their money is
tied up in the land. It is not in their wallets.
I urge that we override the President's veto and make things right
for these people.
The rich escape the estate tax. They have attorneys who show them all
the ways to get rid of it. The farmers cannot afford to hire those
attorneys.
I urge an override of the veto.
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