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Location: Nashville, Tennessee, United States

6/15/2002

Lies... or just grossly uninformed?
Jack Faris, president of the National Federation of Independent Business, had this to say recently about the death tax:

"Of course, I expect to hear a lot of the same old class-warfare rhetoric as this debate continues, but the simple fact remains that when the death tax is repealed, it will be replaced with a capital gains tax!

"Anybody who claims that billionaires will get off scot-free is either grossly uninformed or intentionally spreading false information. Instead of forcing small families to sell part or all of their businesses to pay a tax on death, what's wrong with simply taxing the voluntary sale of assets? That way, the decision to sell property can be based on sound business judgment, not an unfair tax bill from Washington."

Just who is spreading the same old class-warfare rhetoric and the false information that ending the death tax will let billionaires off scot-free? Oh yeah. Around here, it's The Tennessean.