The Death Tax Repeal Act (H.R. 173) has been filed by Texas Congressman Mac Thornberry that will repeal the Federal estate, gift, and generation-skipping taxes if passed. Thornberry described the “death tax” as “fundamentally unfair,” and expressed concern for the impact of the tax on “small business owners, farmers, and ranchers,” in his statements through a press release from his office released January 8, 2015. At the time of the press release there were 36 cosponsors to the bill.
See, Thornberry Introduces The Death Tax Repeal Act, Everything Lubbock, Jan. 10, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
