[Congressional Record Volume 151, Number 43 (Wednesday, April 13, 2005)]
[House]
[Page H1900]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
LET THE DEATH TAX DIE FOR GOOD
(Mr. PRICE of Georgia asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. PRICE of Georgia. Madam Speaker, it is time that we bury the
death tax today, once and for all. For too long the American dream has
turned into the American nightmare and for too many citizens and
countless small businesses.
Many Americans with dreams take risks, invest their savings, work
long hours, and the government keeps over half of their assets when
they die, 55 percent. That is the amount Washington takes with the
death tax, 55 percent, and that is not fair to anyone.
The death tax undermines our economy, and I know that we can do
better. It costs our economy over 250,000 jobs a year. That is a
quarter of a million people who should be collecting paychecks rather
than unemployment checks.
Madam Speaker, the death tax is hurting families, and it is killing
our small businesses. Freedom and liberty demand that hard-working
Americans be able to leave their children the results of their success,
not have Washington get a windfall. Let us act today and let the death
tax die for good.
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