Marchant Votes to Repeal Death Tax, Make Permanent State & Local Sales Tax Deduction

Statement

Today, the House passed the Death Tax Repeal Act of 2015 and the State and Local Sales Tax Deduction Fairness Act of 2015. U.S. Congressman Kenny Marchant (TX-24), a cosponsor of both bills, released the following statement:

"The bills I voted to pass today will provide tax relief to families and small businesses across the nation. A repeal of the death tax is estimated to create 139,000 new jobs and bring a much-needed boost to Americans' paychecks. And making permanent the state and local sales tax deduction, something I've long supported, will remove uncertainty and reduce the tax burden for millions of Texas families. As we work to simplify our broken tax code, it only makes sense to repeal the death tax and permanently renew the state and local sales tax deduction."

Analysis by the Tax Foundation finds that elimination of the Estate Tax, commonly referred to as the "Death Tax," would create 139,000 jobs and increase wages by 0.7 percent.

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