With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren. ↗
In six short years, small business owners and family farmers will once again be assessed a tax on the value of their property at the time of their death, despite having paid taxes throughout their lifetime. ↗
Unfortunately, actions taken by the Senate ensured that relief from the death tax would only be temporary and that it would come back to life at the full rate again in 2011. ↗