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.
quote by Jennifer Dunn
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According to the Small Business Administration, more than 70 percent of all family businesses do not survive through the second generation, and 8 percent do not make it to a third.
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.
quote by Ric Keller
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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.
quote by Todd Tiahrt
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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.
quote by George W. Bush
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Estimates show that small businesses contribute 60-80 percent of the net new jobs annually.
quote by Michael K. Simpson
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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.
quote by Mac Thornberry
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Small businesses provide 75 percent of new U.S. jobs and are the backbone of our economy, and no outdated ban should be keeping small business owners from collecting the same interest their money could earn if it were held by an individual.
Since taking office, President Obama has signed into law spending increases of nearly 25 percent for domestic government agencies - an 84 percent increase when you include the failed stimulus. All of this new government spending was sold as 'investment.'
We've got to help small businesses because they are the backbone of our economy. We've got to increase opportunities for everyone and we can do that by helping women and minority-owned businesses.
quote by Rob Simmons
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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.
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.
quote by Doc Hastings
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Currently, Boston has only nine percent of the state's population - but we provide more than 16 percent of the jobs and 19 percent of the state's revenues.
quote by Thomas Menino
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We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
quote by Gray Davis
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We must never forget that it is the private sector - not government - that is the engine of economic opportunity. Businesses, particularly small businesses, flourish and can provide good jobs when government acts as a productive partner.
quote by Bill Richardson
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According to the Gallup Poll, 24 percent of American adults exercised regularly in 1961, and 50 percent after 1968. The peak was 59 percent in 1984, dropping off to 51 percent last September.
quote by Kenneth H. Cooper
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Soldiers Family Heritage
Every family member had served this nation
He looked forward to it with anticipation
Every member had left their mark
And on this road he would embark.
Members had served since the civil war
It was a desire, not a chore.
With pride and determination he knew
What he had to do.
He had to defend the red, white, and blue.
He decided to try for the navy seals
It was a desire which he did feel.
He had to be the best that he could be
For the honor of his family.
The training for the seals is really hell
After the first week he could tell.
Most of the members of his platoon
Decided to give up much to soon.
This was the biggest challenge that he would face
And his name he would not disgrace.
He thought of his family and what they went through
And he knew what he had to do.
He called and asked his family to come down
And seeing them, new strength he found.
His father held the civil war flag
And for that he was glad.
It had been passed down from generation to generation
And this sight was his salvation.
A new inspiration arose in his chest
And he would give his very best.
The family gave him the strength he would need
For in him they had planted the seed.
he would awake with his mind crystal clear
And achieving his goal he had no fear.
Now he was a navy seal, so much pride he did feel
He had achieved not one goal but two
And of this his family knew.
There is now another generation on its way
And to the lord he does pray
Let this continue down the line
For when it becomes my sons time.
poem by Louis Rams
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Family Secrets
Every family has its secrets
hidden in the dark corners of the past,
the ones passed down
from generation to generation
never to be revealed to the outside world.
Some are considered shameful,
others fill the heart with dread,
all them are secrets
best kept within the family.
Some do reveal themselves
in the most astonishing ways,
an innocent conversation
and something never talked about
is suddenly revealed.
Something thought so shameful,
means nothing anymore,
but is never cast aside
and someone wishes
that earlier that secret
should have been revealed.
Many lives are turned
upside down now
and will never be the same.
Now the shame is not in the secret,
but in that, it was never revealed.
8 April 2011
poem by David Harris
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Because the truth is, today's immigrants, as they have for generation after generation, work the longest hours at the hardest jobs for the lowest pay, jobs that are just about impossible to fill.
quote by Luis Gutierrez
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Just blow in it and sound bad for about a year and then make it sound a little bit better, and you get a little band together, and then you get a few jobs. You take four guys that sound half bad, but if they're 25 percent each, they can give 100 percent, you know?
quote by Quincy Jones
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On the other hand, I think that the family, the traditional family, has a fundamental social role, because it's there that children are born and the investment in children is the greatest investment a country can make. The benefits of this investment go to everyone.
quote by Rocco Buttiglione
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