Repeal The Death Tax

April 22, 2015
In The News

Dying is inconvenient enough, but — even worse — you can get heavily taxed for it.

That’s why I was glad to see the House delegation from Arkansas help pass a bill on the floor that would repeal the death tax — a tax that falls hardest on small business owners and families that own farmland.

The tax can amount to as much as 40 percent of the estate. One of the most persuasive arguments in favor of repeal of the death tax was made in a recent article by the American Enterprise Institute’s Tim Carney: he made the point that most of the lobbying against the death tax’s repeal comes from the estate-planning industry — which makes much of its profits because of the death tax’s complexity.

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