or Login to see your representatives.

Access Candidates' and Representatives' Biographies, Voting Records, Interest Group Ratings, Issue Positions, Public Statements, and Campaign Finances

Simply enter your zip code above to get to all of your candidates and representatives, or enter a name. Then, just click on the person you are interested in, and you can navigate to the categories of information we track for them.

Public Statements

Job Protection and Recession Prevention Act of 2012

Floor Speech

By:
Date:
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. SMITH of Nebraska. Mr. Speaker, I rise in favor of the bill that we are facing here today. It's been an interesting debate that we've had now for some time.

I learn a lot traveling around my district, but it was especially compelling when I was at a manufacturing plant, less than 40 employees, and they told me--unprovoked--they said the estate tax going up to 55 percent would devastate their business. Those were their words, ``devastate their business.'' It's not just farmers and ranchers that would pay the estate tax, it would also be small businesses--and very thriving small businesses who put people to work, who provide benefits, health care, and otherwise.

Truly, the 35 percent rate is a compromise. I would prefer to see no estate tax, given the fact that it is double taxation--and certainly 55 percent is what many folks would consider confiscatory in nature. So I rise in favor of the bill that we are debating here today. I think that it is better policy--certainly better for our economy that we would not raise taxes on the American people.

BREAK IN TRANSCRIPT


Source:
Back to top