Benishek Votes to Repeal Death Tax

Statement

Following the passage H.R. 1105, the Death Tax Repeal Act, Congressman Dan Benishek released the following statement:

"There are over 7,000 family farms in Northern Michigan with an average size of 167 acres. These farms are a way of life for many and provide thousands of jobs to our community. But the Death Tax is putting the family farm out of business. I voted in favor of repeal, because family farms and businesses in Northern Michigan should not face an excessive bill from the IRS when they experience a tragedy."

The Death Tax, also known as the Estate Tax, is a tax on property and assets that are passed on following an individual's death. Under the current tax code, family owned businesses and farms are frequently hit with excessive tax bills after the death of a family member, forcing the survivors to sell assets or take out loans in order to settle with the IRS. H.R. 1105 eliminates the Death Tax entirely in order to protect these family farms and businesses.

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