Johanns Sponsors Bill Permanently Repealing Death Tax

Press Release

U.S. Sen. Mike Johanns (R-Neb.) today sponsored legislation to finally put an end to the punitive federal estate tax, better known as the death tax. The legislation was introduced by U.S. Sen. John Thune (R-S.D.) in the Senate and Rep. Kevin Brady (R-Texas) in the House of Representatives. The Death Tax Repeal Act of 2013 (S. 1183, H.R. 2429), is nearly identical to legislation introduced in the 112th Congress that garnered the bipartisan support of 223 Representatives and 38 Senators.

"As I've said before, death should never be a taxable event," Johanns said. "The death of a loved one should not put the hard work of generations at risk in order to pay a punitive tax to the federal government. Nebraskans know that many of these estates are not in the form of liquid assets, but rather the very land and equipment needed to continue operations."

The bill is supported by the American Farm Bureau Federation, Associated Builders and Contractors, National Association of Manufacturers, National Federation of Independent Business, 60 Plus Association, Americans for Tax Reform, Club for Growth, National Black Chamber of Commerce, International Franchise Association, National Taxpayers Union, American Conservative Union, Family Business Coalition, and many others.

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