It is unconscionable that the government now seizes up to 40 percent of everything a person leaves to his or her children as a punishment for achieving the American Dream.
Rep. Joe Barton (R-Ennis/Arlington), a steadfast leader in the House on tax reform through the promotion of lower taxes and financial freedom, released the following statement after voting for H.R. 1105, The Death Tax Repeal Act. It passed the House of Representatives Thursday.
“Death should not be a taxable event. The Founders of our country believed this so strongly that they included a clause in the U.S. Constitution that forbids seizing an estate at death as a punishment for treason; it is unconscionable that the government now seizes up to 40 percent of everything a person leaves to his or her children as a punishment for achieving the American Dream.”
