WASHINGTON, July 13 - U.S. Rep John Boozman (R-AR) today reaffirmed his commitment to lower taxes and American families by co-sponsoring bipartisan legislation to make permanent the repeal of the “Death Tax.” H.R. 2380, the “Death Tax Repeal Permanency Act of 2007,” makes permanent the repeal of Death Tax signed into law in 2001. “After a lifetime of paying taxes, Americans should not have to pay one more tax upon their death,” Boozman said. “The Death Tax hurts all Americans, not the well-off as some claim. The Death Tax limits job creation and opportunity by reducing the impetus for productive investment.
“The repeal of the Death Tax also continues to help small-business owners and family farmers in Arkansas,” Boozman, a former cattle farmer and small business owner, said. “The old tax could hit a family with as much as a 55% tax on its estate, forcing the family to sell the farm or business just to meet the tax bill. “We want Americans to work hard, and be rewarded for that hard work by being able to pass the family business to their children,” Boozman continued. “The Death Tax is an affront to the notion of the ‘American Dream.’ The Death Tax should not be brought back from the dead.” [Source]
Tags: Arkansas, Death Tax, US House
Boozman: Death Tax should not be brought back from the deadAdds name to bill which makes 2001 repeal permanent
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