Issue Position: Kill the Death Tax!

Issue Position

Issue Position: Kill the Death Tax!

The phase-out of the death tax will expire at the end of 2010. This is a looming crisis for small business owners, farmers, ranchers and others who heirs may be forced to sell the farm or business in order to pay up to a 55 percent federal estate tax. Imagine the unfairness of one person who dies on December 31 and who is able to pass the family business on to the children and grandchildren intact vs. another person who dies a day later and the children get hit with a bill from the federal government that is so big, the business must be sold to cover it.

Besides, the small business owner has already been taxed on the money when they earned it. The death tax is double taxation. End the death tax permanently.

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