Gov. Noem slams Biden’s ‘devastating’ death tax on middle class

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>> TEXAS WILL BUILD A BORDER WALL IN OUR STATE TO HELP SECURE OUR BORDER. HOMES ARE BEING INVADED. NEIGHBORHOODS ARE DANGEROUS AND PEOPLE ARE BEING THREATENED ON A DAILY BASIS. I TOLD YOU THAT TEXAS WOULD STEP UP AND RESPOND. TODAY, WE BEGIN THAT RESPONSE. PETE: THE BORDER CRISIS REACHING A BOILING POINT AS TEXAS GOVERNOR ABBOTT VOWS TO PROTECT HIS STATE AND BUILD A WALL. NOW, OTHER STATES ARE STEPPING UP TO HELP, BY SENDING THEIR OWN LAW ENFORCEMENT OFFICERS TO THE BORDER. WILL: SOUTH DAKOTA GOVERNOR KRISTI NOEM JOINS US NOW TO REACT. GOOD MORNING, GOVERNOR GLAD TO HAVE YOU WITH US. >> GOOD MORNING IT'S GREAT TO BE WITH YOU. WILL: SO WE HAVE SEEN SEVERAL STATES BEGIN TO ANSWER THE CALL OF GOVERNOR GREG ABBOTT OF TEXAS ASKING FOR HELP FROM OTHER STATES TO DEAL WITH THIS WHAT SHOULD BE A FEDERAL ISSUE. IN LIEU OF FEDERAL HELP OTHER STATES ARE STEPPING OUT I BELIEVE WE'VE SEEN FLORIDA HAS MADE A COMMITMENT TO HELP OUT IN TEXAS. TELL US WHAT'S HAPPENING IN SOUTH DAKOTA WILL YOU ALSO BE ABLE TO OFFER HELP WITH THE BORDER CRISIS? >> WELL SECURING THAT BORDER IS A NATIONAL SECURITY ISSUE, AND WE IN SOUTH DAKOTA ARE EVALUAT ING THAT. WE WOULD LOVE TO HELP AND WE'RE WORKING THROUGH THAT PROCESS TO SEE IF THAT'S SOMETHING THAT WE COULD MAKE POSSIBLE. RACHEL: GOVERNOR I WANT TO MOVE TO ANOTHER TOPIC THAT I THINK IS VERY PERSONAL TO YOU, A LOT OF MIDDLE INCOME FAMILIES RIGHT NOW ARE UNHAPPY WITH THE PROPOSAL THAT THE BIDEN ADMINISTRATION HAS FOR A DEATH TAX SAYING IT WOULD CRIPPLE THEIR KIDS WITH BILLS AND I KNOW THAT'S A STORY THAT HITS HOME FOR YOU. I'D LIKE TO SEE IF YOU COULD JUST TALK TO US A LITTLE BIT ABOUT WHAT HAPPENED IN YOUR FAMILY AND WHY THAT ISSUE IS SO IMPORTANT AND ACTUALLY, A LITTLE BIT OF THE REASON WHY YOU WANTED TO GET INTO POLITICS. >> PEOPLE ASK ME THAT ALL THE TIME, RACHEL, WHY I GOT INVOLVED IN GOVERNMENT AND POLITICS, BECAUSE UP UNTIL JUST ABOUT 10-12 YEAR AGO I WAS A FARMER AND A RANCHER, BUT IT WAS BECAUSE OF THE EXPERIENCE THAT I WENT THROUGH AND I WAS IN COLLEGE, IT WAS BACK IN 1994, MY DAD WAS KILLED IN AN ACCIDENT ON OUR FARM AND RANCH. HE WAS ONLY 49 YEARS OLD AT THE TIME, AND OUR FAMILY GOT HIT HARD BY DEATH TAXES. IT WAS DEVASTATING FOR US. I HAD LOST MY DAD, IT WAS A TIME OF TRAGEDY, HE WAS MY BEST FRIEND AND THEN SUDDENLY, WE FOUND OUT FROM THE IRS THAT WE OWED HUNDREDS AND HUNDREDS AND HUNDREDS OF THOUSANDS OF DOLLARS THAT WE DIDN'T HAVE. WE HAD LAND, MACHINERY AND CATTLE, BUT WE DIDN'T HAVE ANY MONEY IN THE BANK AND SO IT MADE ME ANGRY. I STARTED SHOWING UP AT MEETINGS , TALKING ABOUT POLICY, GOT PASSIONATE ABOUT TAX REFORM, I IT TOOK US 10 YEARS TO PAY OFF THOSE TAXES AND WE HAD TO FIGURE OUT A WAY TO MAKE MORE MONEY OFF THE ASSETS THAT WE HAD BUT IT WAS HARD AND SO I THINK THAT STORY IS POWERFUL BECAUSE THE DEATH TAX IS THE ONLY PLACE IN OUR TAX CODE WHERE WE DOUBLE TAX SOMEONE, AND PEOPLE WHO ARE WEALTHY, WHO HAVE A LOT OF MONEY , FIGURE OUT WAYS TO HIRE ENOUGH ATTORNEYS TO GET AROUND IT MOST OF THE TIME. IT'S THOSE WHO GET SURPRISED BY A TRAGEDY OR DON'T HAVE MONEY TO DO THE KIND OF ESTATE PLANNING THAT WEALTHY PEOPLE DO THAT END UP GETTING HIT THE HARDEST, SO I WAS THANKFUL WHEN PRESIDENT TRUMP TOOK ON TAX REFORM. WE MADE IT BETTER. I ALWAYS HAD THE BILL TO COMPLETELY REPEAL THE TAX, BECAUSE IT IS SO UNFAIR, BUT WHAT PRESIDENT BIDEN HAS PROPOSED WILL BE DEVASTATING. IT'LL BE DEVASTATING TO FAMILIES AND SMALL BUSINESS OWNERS, ESPECIALLY THOSE THAT ARE TRYING TO MAKE ENDS MEET TODAY. IF WE HAD OWNED A GAS STATION, WE WOULD HAVE BEEN FORCED TO SELL OUR FAMILY BUSINESS IN ORDER TO PAY THOSE TAXES, OR IF WE HAD A SMALL RESTAURANT OR A MOTEL WE WOULD HAVE HAD TO SELL IN ORDER TO PAY. LUCKILY WE HAD LAND WE COULD TAKE A MORTGAGE OUT ON AND GET DEBT ON IN ORDER TO GO SECURE FINANCING AND HAD SOME PEOPLE HELP US, AND GO OUT ON A LIMB FOR A BUNCH OF KIDS AND A MOM WHO WAS DEVASTATED BUT IF THAT HADN'T HAPPENED HERE IN SOUTH DAKOTA WE WOULD HAVE JEOPARDIZED OUR FAMILY BUSINESS TOO. PETE: THIS IS SOMETHING THAT COULD INCREASE DEATH TAXES IS A POSSIBILITY FOR WHAT JOE BIDEN WANTS TO PROPOSE. WHAT IS THE PHILOSOPHY OF THE LEFT THAT BELIEVES THAT ULTIMATELY WE SHOULD BE TAXING THE WEALTH THAT PARENTS ACCUMULATE BECAUSE THEY WANT TO PASS IT TO THE NEXT GENERATION. >> WELL THEY AREN'T TELLING THE TRUTH. FOLKS WORK HARD EVERY SINGLE DAY AND THEY PAY THEIR TAXES. THESE FOLKS THAT HAVE ANY KIND OF AN ASSET UNDER THEIR NAME, THEY MAY OWN SOMETHING THAT THEY'VE WORKED FOR THEIR ENTIRE LIFE, AND THAT THEY WANT TO GIVE THEIR KIDS A START WITH, BUT YOU'RE TAXING IT AGAIN. IT'S A DOUBLE TAX, AT THE TIME OF DEATH, THAT REALLY CRIPPLES THEIR ABILITY TO PASS ON AND KEEP THAT BUSINESS GOING, SO THIS IS WHAT LIBERALS WANT TO DO IS TAKE ANYTHING THAT THEY HAVE AND PULL IT INTO GOVERNMENT, AND USE IT AND GROW GOVERNMENT, TAKE MORE CONTROL OVER PEOPLE'S LIVES , THEY ARE USING FEAR TO DO IT. THEY ARE USING MANIPULATION TO PUSH THAT AGENDA, AND IT ENDS UP AND RESULTING IN A COUNTRY THAT HAS SOCIALIST POLICIES AND THAT IS WHERE THIS IS GOING, AND IT STARTS WITH TAXES AND IT STARTS WITH CONTROL, AND THE DEATH TAX AND ESTATE TAX IS EXACTLY A GOOD EXAMPLE OF HOW THAT BEGINS. WILL: I KNOW THE ANSWER TO THAT, PETE. THE ANSWER TO WHY OR HOW THE LEFT RATIONALIZES THE DEATH TAX IS THEY THINK THEY ARE SIMPLY TAXING THE WEALTHY. RACHEL: THAT'S EXACTLY RIGHT. WILL: UNEARNED INCOME AND GOVERNOR YOU'RE POINTING OUT THE VERY PARTICULAR PROBLEM OF YOUR SITUATION PEOPLE THAT ARE LAND RICH AND CASH POOR AND THAT HITS HARD AND THERE'S ALSO THE PHILOSOPHICAL ISSUE WHICH YOU'RE RIGHT IS IT'S A DOUBLE TAXATION BUT HOW DO YOU ANSWER THEIR ARGUMENT TO PETE'S QUESTION. THEY WILL SAY IT'S SIMPLY TAXING THE WEALTHY. PETE: REDISTRIBUTION. WILL: IT'S UNEARNED INCOME ANY WAY. YOU DIDN'T DO ANYTHING TO EARN THAT SO HOW DO YOU RESPOND TO SOMEONE MAKING THAT ARGUMENT TO YOU? >> I TELL MY STORY AND THE STORY OF MY NEIGHBORS, THE FAMILIES AROUND ME THAT ARE SMALL BUSINESS OWNERS, HAVE A LITTLE DRESS SHOP ON MAIN STREET , HAVE A LITTLE BIT OF EQUITY IN IT. HAVE A BUILDING THAT THEY WORKED THEIR WHOLE LIFE TO PAY FOR AND WANT TO HANG ON TO AND THEN THEY HAVE A DEATH, A TRAGEDY AND THEY WON'T HAVE THE ABILITY TO KEEP IT BECAUSE OF THE TAXES THEY OWE THE FEDERAL GOVERNMENT, SO, WE AS REPUBLICANS AS CONSERVATIVES OFTEN USE STATISTICS AND DATA AND POLICIES, BUT IT'S THE STORIES THAT ARE POWERFUL AND THEY'RE REAL AND EVERYWHERE ACROSS THIS COUNTRY OF WHERE AN UNFAIR BURDEN FROM THE GOVERNMENT CAME IN, TOOK AWAY BELONGINGS THAT SOMEONE HAS WORKED HARD FOR AND EARNED, AND TOOK IT FROM THEM AND IS VERY DIFFICULT TIME AND USED IT TO PROMOTE THEIR AGENDA AND PROMOTE A BIGGER GOVERNMENT THAT HAS MORE CONTROL OVER THEIR LIVES. RACHEL: GOVERNOR YOUR STORY IS SO POWERFUL. IF PEOPLE HAVEN'T HEARD IT GOOGLE IT AND READ ABOUT IT BECAUSE IT READS LIKE A HALLMARK MOVIE WHAT YOU DID TO HELP YOUR FAMILY AND THE SACRIFICES YOU MADE AND HAD TO MAKE IN ORDER TO KEEP THE LAND IN YOUR FAMILY'S NAME AND NOT GIVE IT OVER TO THE GOVERNMENT WHO DID NOTHING TO EARN THAT MONEY, SO READ YOUR STORY. IT'S FASCINATING. THANKS A LOT FOR JOINING US AND THERE'S NO ONE BETTER TO TALK ABOUT THE DEATH TAX THAN YOU, GOVERNOR. >> OH, WELL I TELL YOU WHAT. IT'S SOMETHING THAT WAS VERY DIFFICULT FOR OUR ENTIRE FAMILY. WE HAD AN INCREDIBLE STATE, COMMUNITY THAT HELPED US AND WE WOULDN'T BE HERE ON OUR LAND TODAY IF IT WASN'T
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Channel: Fox News
Views: 1,063,630
Rating: undefined out of 5
Keywords: Fox News, Fox News Channel, News, on_air, personality, politics, us, us|economy, us|economy|taxes, Fox & Friends, Fox & Friends Weekend, fox and friends, fox and friends 6/19/21, pete hegseth, rachel campos duffy, will cain, kristi noem, Kristi Noem, South Dakota, gov noem, joe biden, biden tax hike, biden death tax, death tax, biden inheritance tax, inheritance tax, gov. kristi noem, fox news media, president biden, US tax hike, US taxes
Id: 3hoN1-tsZNo
Channel Id: undefined
Length: 7min 4sec (424 seconds)
Published: Sat Jun 19 2021
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