Cramer- House Passes Death Tax Repeal Act of 2015

Statement

Today Congressman Kevin Cramer joined a majority of his colleagues in the U.S. House of Representatives to pass H.R. 1105, the Death Tax Repeal Act of 2015. The estate tax, commonly referred to as the death tax, applies to the transfer of an estate at death to a descendant who is a citizen or resident of the United States.

"North Dakotans know all too well the harmful impact of the death tax on small businesses and family owned farms and ranches. While many of them are abundant in assets, they lack the cash liquidity to pay the high estate taxes after a loved one passes away. Many times families are forced to sell parts or even all of the farm or ranch that has been in the family for generations just to pay the tax bill. That is wrong and why I voted to repeal this onerous tax," said Cramer.

Congressman Cramer was a co-sponsor of H.R. 1105, the Death Tax Repeal Act of 2015.

Source