Death Tax Repeal Act

Floor Speech

BREAK IN TRANSCRIPT

Mr. STUTZMAN. Madam Speaker, I rise today in support of H.R. 1105, the Death Tax Repeal Act.

I want to thank Chairman BRADY and Chairman Ryan for their leadership in addressing this issue that is so important for my district in Indiana and for many folks all across the Hoosier State.

In Indiana, under the leadership of Governor Mike Pence, we officially repealed our State's death tax in 2013, and with this bill we can do the same thing on the Federal level.

As a fourth-generation farmer, I can see how family-owned businesses already struggle each year with a destructive mess that is our Federal Tax Code. The death tax, which is a double tax on Americans' hard work, only adds to the problem. It stifles prosperity, and it prevents individuals and families from making the personal decisions they want to make with their savings and their property for generations to follow them.

Madam Speaker, it is time to repeal the death tax. Only accounting for a fraction of a percent worth of annual revenue for the Federal Government, let's call it what it really is: it is a distorted attempt to redistribute the earnings of Americans' hard work.

With that, I strongly urge my colleagues to support this commonsense, bipartisan legislation.

BREAK IN TRANSCRIPT

Source