Double Taxed

Fighting to end destructive double taxation

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    Double Taxed is the official website for the Double Taxation Working Group, a project of the Coalition for Tax Competition. Our mission is to eliminate instances of double taxation, including death, capital gains and dividends taxes.
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Senators Vote to Reinstate Death Tax

Posted by Brian Garst on July 23, 2010

On Wednesday Senator DeMint did as promised and forced a vote on permanently repealing the death tax.  Because Harry Reid has complete control over the Senate agenda, DeMint was forced to use a procedural move to get the vote.  This means it would have taken 67 votes to approve the measure.  Sadly, only 39 Senators voted to prevent the death tax from skyrocketing at the end of the year.

Looking at it another way, 59 Senators voted for a massive death tax increase in the midst of a recession.  The additional burdens placed on the economy by this tax on capital will result in the loss of as many as 1.5 million jobs, explains Working Group member Curtis Dubay of the Heritage Foundation in a new paper.

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