From South Dakota’s Congresswoman Kristi Noem comes a guest editorial at foxnews.com, noting how Hillary Clinton’s tax plan unfairly targets small business and farmers:
You don’t forget moments like this – the ones that come so unexpectedly, shoving a pit into your stomach. I was 21-years-old and nearing the due date for my husband Bryon and my first baby. That’s when the phone call came: “Kristi, your dad is stuck in a grain bin.” I knew instantly what it meant.
To keep our family’s American Dream going, we were fortunate enough to get a loan, albeit one so large that it impacted nearly every decision we made for a decade.
I have never understood why the federal government thought it was appropriate to go after families with this double tax – especially in a time of crisis. My family had already paid taxes on the equipment, the land, and any other assets. Now, we had to pay taxes on it again because my dad had died. It’s not right.
This month, Hillary Clinton proposed a dramatic 65 percent increase to the death tax, pushing it to the highest point since 1981. She justifies this as a tax on the 1 percent, but all too often it is small businesses and family farms that are put into jeopardy for a few days’ worth of government spending.
No family should have to go through what ours did. Clinton’s proposal is a tax on the American Dream during a time of tragedy. Hardworking Americans deserve better.
It’s bad enough that death is a taxable event at all. But a 65 percent increase to the death tax as Hillary Clinton is proposing should offend everyone who believes they are going to be dying in the future. (Yes, that would be ALL of us.)
Because truly – what are those of us in small business working for if not to build the foundation of something we can hand down to our children someday? A 65% tax is nothing more than government confiscation of assets because they can.
And Congresswoman Noem is right – No family should have to go through what her’s did.