Yoho Votes to Repeal The Death Tax and Rein in the IRS

Press Release

Today, Congressman Ted S. Yoho (R-FL-03) voted in favor of permanently repealing the death tax. This bipartisan bill - H.R. 1105 -- Death Tax Repeal Act -- will help a wide range of Americans, especially family farms, ranches and small businesses. Repealing this unfair tax ends a busy legislative week that saw the passage of seven bills that will rein in and reform the IRS.

Congressman Yoho gave the following statement:

"This was a busy week passing legislation that will help hardworking American taxpayers. Today we voted to repeal the Death Tax. Yesterday we passed seven bill that take direct aim at reforming the IRS.

"We are blessed to be living in a Constitutional Republic, where through hard work, the entrepreneurial spirit is rewarded. It is this system that has made America great. If you have worked hard to build a business or a personal estate, you should not be penalized by the federal government when you die.

"Under current law, the federal government takes 40 percent of your taxable estate when you pass away. This is not right, especially if you wish to pass your estate on to your children. A report by the Joint Economic Committee said the estate tax is the "overwhelming cause of dissolution of family businesses.' This bipartisan vote to repeal this unfair and unjust tax was the right thing to do for all hard working Americans.

"The IRS has never been a beloved agency and over the past few years has not only lost the trust of the public, but has greatly overstepped its authority. This agency needs to be more accountable to the American taxpayer and more transparent. The common sense reforms that the House passed this week will focus on finally making that a reality."

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