A Quote by Kit Bond

The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations. — © Kit Bond
The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations.
According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American's output-which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American's living standard would at least double.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
We need to end permanently the tax that punishes American values of savings and investment and of building small businesses and family farms and ranches.
Under the Tax Cuts and Jobs Act, the average American family of four will receive a $1,182 tax cut. Imagine what you could do with $1,182 more in your pocket!
When you consider that a steelworker who's making $40,000 a year has virtually the same tax burden as someone who's making $400,000 a year, you see that there are inequities. This administration has used the tax code to accelerate wealth to the top. Most of the tax breaks have gone to people in the top bracket.
Between 2007 and 2010, the average white family experienced an 11% reduction in wealth, but the average black family lost 31% of its wealth. The average Hispanic family lost 44.7%.
In the United States, the average is two children per family, while in Africa it is five children per family. On the surface, the statistic seems to indicate that Africans are having way too many kids and are taxing the Earth's resources, while American kids are born into families who are able to take care of them. However, the average American child consumes roughly the same resources as fifteen African children. So when an American family says they only have two children, they are actually consuming the resources of an African family of thirty children!
The entire American concept of the 'family business' is put at risk by the death tax.
I feel that The American Dream is this fallacy that you come to the United States and win lotto. That's a disservice to The American Dream because the American Dream is worth striving for. And it's not easy.
The Death Tax destroys American jobs and cripples small businesses and family farms.
When you have a policy of making sure that African Americans cannot build wealth, of plundering African American communities of wealth, giving opportunities to other people, it's only right that you might want to, you know, pay that back.
African Americans, in particular, saw their cumulative wealth crash. They used to have 10 cents on the dollar of the average white family. That 10 cents on the dollar that the African American family used to have crashed down to 5 cents on the dollar, given the focus of predatory lending on the African American community and the degree to which they were really devastated by the foreclosure crisis. So yeah, I think there is a lot of disappointment out there.
My constituents in Kansas know the death tax is a duplicative tax on small businesses and family farms that, in many cases, families have spent generations building.
Maybe the American Dream is too rich for us now in the U.S. Maybe we're losing it because we are not like our Swedish grandmother who came across the plains, hacked down the trees, and took the Spanish words she encountered and made them hers. Now her great-great-grandchildren sit terrified, wondering what to do with all these Mexicans. The American Dream is an impossible affirmation of possibility. And maybe native-born Americans don't have it anymore. Maybe it has run through their fingers.
The American dream is at jeopardy. This president [Obama] has defined the American dream as more dependence on the government. We need to restore the American dream so it's more about opportunity and growth and not redistribution.
Every American deserves a shot at the American dream without having to make the impossible choice of earning a degree or being saddled with a lifetime of debt.
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