Speech #700108150

I quote farther from this splendid and forceful article: It is claimed. however. that the effect of the provision for crediting State inheritance taxes on the Federal estate tax is to promote and not to destroy uniformity of taxation throughout the United States. Indeed. the evil against which the advocation of such measures are clamoring is the present lack of uniformity in inheritance taxation in the different States. . What they consider the unsisterly action of Florida in bidding for immigration of multimillionaires by prohibiting all inheritance taxes has made them see red. They apparently fear that all the rich men of other States will leave them for the torridor shall we say salubrious?-climate of Florida. and that it will be necessary for other States to meet the competition of Florida by reducing their rates of inheritance taxation. How far this fear is justified or how far the present lack of uniformity in State inheritance taxation is an unmixed evil we need not pause to inquire. for. however great that evil may be. it can not be remedied by imposing an unconstitutional Federal tax.