Issue Position: Estate Taxes

Issue Position

Without question, the Estate Tax, or "death tax," has made it very difficult for small business and farm owners to leave their legacy of hard work to their loved ones. After paying taxes throughout their life, it is unfair to tax property again upon a business owner's death. I am firmly committed to a full repeal of the Death Tax in order to keep family farms in the hands of the same families that have owned them for generations. While the Death Tax has been suspended for 2010, it will come into full effect again if Congress fails to act. It is vital that both sides of the aisle come together to prevent this heavy tax from burdening America's farmers again. This is why I have co-sponsored H.R. 3524, the Family Farm Preservation and Conservation Estate Tax Act, which would exclude family farms from the death tax, in order to preserve these important symbols of our shared heritage.

Source