In this Obama big-spending, high-taxing socialist era, at least one Republican in the United States House of Representatives is fighting back. The Chairman of the House Values Action Team, Congressman Joe Pitts, R-PA, introduced a bill last week which would permanently repeal the death tax, which liberals call the estate tax. What the Pitts' legislation will accomplish will be to allow family-owned farms and small businesses to remain in the hands of the families which inherit them.
Congressman Pitts said regarding his "Permanent Repeal of the Death Tax Act," H.R. : "Death should not be a taxable event. It is family-owned farms and small businesses who suffer the most from this unjust tax because these people pass down the business or the farm in the family. But the death tax can force farms and small businesses to sell assets just to satisfy the tax authorities.
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Death Tax Needs to Die
April 6, 2009 - 4:48pm — Roberta CombsIn this Obama big-spending, high-taxing socialist era, at least one Republican in the United States House of Representatives is fighting back. The Chairman of the House Values Action Team, Congressman Joe Pitts, R-PA, introduced a bill last week which would permanently repeal the death tax, which liberals call the estate tax. What the Pitts' legislation will accomplish will be to allow family-owned farms and small businesses to remain in the hands of the families which inherit them.
Congressman Pitts said regarding his "Permanent Repeal of the Death Tax Act," H.R. : "Death should not be a taxable event. It is family-owned farms and small businesses who suffer the most from this unjust tax because these people pass down the business or the farm in the family. But the death tax can force farms and small businesses to sell assets just to satisfy the tax authorities.