Westerman Votes For 'Death Tax Repeal Act of 2015'
FOR IMMEDIATE RELEASE
WASHINGTON -- Congressman Bruce Westerman (R-Hot Springs) issued the following statement following his vote for the "Death Tax Repeal Act of 2015."
“My vote Thursday for the ‘Death Tax Repeal Act’ was about protecting families at home in the Fourth District. These families often own timber land, family farms, or other small businesses. And without an elimination of the estate tax, many of these families are at risk of losing up to 40 percent of their inherited business. Many families have turned to clearing trees, selling parts of their land, or liquidating assets to pay the tax, resulting in poor land management and loss of hard earned assets essential to continuing these thriving small businesses. It is wrong to charge families an estate tax simply because a parent passed a business onto an heir after a generation of hard work. That is why I voted Thursday for the ‘Death Tax Repeal Act’ and why I will continue to seek tax relief for the hardworking families of the Fourth District.”