A Quote by Mac Thornberry

The death tax robs parents of the opportunity to pass something along to their children, and it is responsible for destroying a lot of family-owned businesses.

Mac Thornberry

Quote Topics

Along Businesses Children Death Destroying Family Lot Opportunity Owned Parents Pass Responsible Something Tax

Quote Author

Mac Thornberry
American - Politician
Born: July 15, 1958

The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.

Ric Keller

The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation.

Jennifer Dunn

Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.

Todd Tiahrt

With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren.

Doc Hastings

In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations.

Kevin McCarthy

Businesses owned by responsible and organized merchants shall eventually surpass those owned by wealthy rulers.

Ibn Khaldun

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.

Todd Tiahrt

You can't strengthen the ranks of your middle class, you can't strengthen and grow the ranks of your businesses and family-owned businesses, unless you are fiscally responsible.

Martin O'Malley

And what's interesting, and I don't think a lot of Americans understand this fact, is that, one, most new jobs are created by small businesses; two, most small businesses pay tax at the individual income tax, or many small businesses pay tax there.

George W. Bush

The Death Tax destroys American jobs and cripples small businesses and family farms.

Tommy Tuberville

The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed.

Mike Fitzpatrick

[Children should contribute] to a family's essential survival and happiness. [In] an urban society, children are ... robbed of the opportunity to do genuinely responsible work.

Dwight D. Eisenhower

American family life has never been particularly idyllic. In the nineteenth century, nearly a quarter of all children experienced the death of one of their parents.... Not until the sixties did the chief cause of separation of parents shift from death to divorce.

Richard Louv

Franchises are independently owned and operated businesses whose owners are responsible for their operations.

Doug Ducey

I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.