Good evening. About 15 minutes ago, the clerk of the House presented the executive clerk with HR10, a bill repealing the estate tax, which our opponents sometimes call the Death Tax, or the We're Coming to Get Your Children tax. We call it a tax on fewer than two percent of American estates valued at over a million dollars, the revenue from which helps fund frivolous Democratic spending programs, such as teaching people to read and curing disease. As promised, the President vetoed the bill, this was his first veto since taking the office 33 months ago.
And this is the exact same deal you were offering to Kimball?
Toby:
Yes.
Royce:
And he was ready to take it?
Toby:
Yes.
Royce:
I don't want it.
Toby:
Congressman, you've been uneasy about the estate tax from the beginning.
Royce:
That's right, I have. And yet, the White House did what it always does: it went to the extreme flank of its own party. Which meant more arm-wrestling, more dealmaking, God knows how many billions wasted in pork-barrel promises...
Sam:
What are you saying?
Royce:
That the moderates get shut out! Let me tell you something. The idea of repealing the estate tax makes me embarrassed to be a Republican. We used to be about the sensible center, about fiscal discipline. A tax break for billionaires? Of course this thing should be vetoed! It was a Republican named Oliver Wendell Holmes who said, "Taxes are the price we pay for a civilized society."
Toby:
Are you saying...
Royce:
Don't target me for defeat. I'm vulnerable in my district. The DNC'll run a conservative Democrat. If he's elected, he won't even be photographed with the President, much less vote with him. Take a look around at all the Democrats running from you right now. Do you even know who your friends are anymore?
When you speak of American ownership, be sure to frame it with the lens of opportunity. Ownership is limited, but THE OPPORTUNITY OF OWNERSHIP is limitless and the very definition of the American Dream.
It doesn't matter if most voters don't benefit. They all believe that someday they will. That's the problem with the American dream. It makes everyone concerned for the day they're gonna be rich.