This week, U.S. Rep. Tim Walberg (R-7th District) signed House Resolution 1259, the Death Tax Repeal Permanency Act, originally sponsored by Rep. Kevin Brady of Texas and Rep. Mike Ross of Arizona. Walberg joined 90 legislators who have signed the resolution.
“Representative Walberg is a champion for death tax repeal,” said Dick Patten, president of the American Family Business Institute, in a press release. “By supporting legislation that repeals the federal estate tax, he is standing up for family business owners, farmers and entrepreneurs across Michigan and America.”
The estate tax is a tax on the net value of a decedent's estate, including all personal and business assets, before distribution to any heirs.
"Walberg has been a strong advocate for permanently repealing this unfair double tax," Patten said in the release. "He understands that the death tax penalizes family farmers and business owners when they die. I’m encouraged that he has committed to taking a more active role in the repeal fight."
Read the original article in The Dexter Patch here.
The Death Tax fight will soon be decided in the halls of Congress by your representatives. AFBI is leading the fight for repeal in Washington, but we cannot do it alone.