Senator DeMint Seeks to Force Death Tax Vote
Posted by Brian Garst on July 20, 2010
“The death tax kills jobs, hurts small businesses, destroys family farms and President Obama’s plan to hike it from zero percent to 55 percent next year is unconscionable,” said Senator DeMint. “The death tax is an unfair, immoral double tax on property and assets that folks have already paid taxes on throughout their lives…”
The death tax continues to feature prominently in the news. In addition to Senator DeMint’s efforts, Nevada Senate candidate Sharron Angle will hold a press conference with the American Family Business Institute, a Working Group member, on July 22nd to announce her signature of the AFBI’s “Death Tax Repeal Pledge.” AFBI has an interactive map tracking the over 300 candidates which have already signed the pledge.
Here are some other mentions of the death tax in the news:
- Working Group member Curtis Dubay says that some in Congress want to go the wrong way on death taxes.
- S.M. Oliva writes at the Ludwig von Mises Institute Economics Blog that statists are particularly frightened of efforts to repeal the death tax because it would encourage belief that other taxes can be eliminated too.
- Texas Rep. Louie Gohmert writes in USA today that we need to end the death tax, calling it “a socialist notion that says you accumulated too much so your government will take about half at your death.”
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