Tuesday, April 21, 2015

House Votes to Repeal Death Tax

Last week, the U.S. House of Representatives voted on H.R. 1105, the Death Tax Repeal Act.

This bill repeals the federal estate tax, a.k.a. the death tax.  As it stands today, the federal government can swoop in and demand a large chunk of an estate upon death.  This impacts family-owned businesses and farms, often forcing them to sell off a part of the estate to satisfy the IRS.

Republican Reps. Tom Marino and Lou Barletta voted to do away with the death tax.  Democratic Rep. Matt Cartwright voted against repealing the death tax.

Roll Call here.

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