US Senator John Thune’s Weekly Column: It’s Time to Bury the Death Tax

It’s Time to Bury the Death Tax By Sen. John Thune Benjamin Franklin once famously quipped that “in this world nothing can be said to be certain, except death and taxes.” While there’s some truth to what Franklin said, we certainly don’t need a system where Americans are taxed at death. The idea that death could be a taxable event might come as a surprise to some people, but believe it or not, the IRS sometimes Continue Reading →

Congresswoman Kristi Noem’s Weekly Column: Repealing the Death Tax

Repealing the Death Tax By Rep. Kristi Noem My dad woke up at the crack of dawn almost every day in pursuit of his American Dream: to build a farm large enough that his kids could grow up and farm together, if we wanted to.  It’s the same reason most parents get up and go to work every morning; they’re trying to give their kids something they didn’t have. For the better part of my Continue Reading →

Noem, Others Discuss Death Tax Impact

Noem, Others Discuss Death Tax Impact NOEM DISCUSSES DEATH TAX IMPACT ON FAMILY’S  FARM    ROGER SCHULLER – CLAREMONT, SOUTH DAKOTA “To a family who has farmed the same land for a hundred years, nothing is more important than passing the business on to the next generation.  We want to hand off the land to our son and grandchildren, but paying the Estate Tax bill could force us to sell land or go into debt. Continue Reading →

Noem Introduces Death Tax Repeal in the House

Noem Introduces Death Tax Repeal in the House Washington, D.C. – Reps. Kristi Noem (R-SD) and Sanford Bishop (D-GA) today introduced the bipartisan Death Tax Repeal Act of 2017 to fully and permanently repeal the death tax. According to a Joint Economic Committee report, the death tax has removed more than $1.1 trillion in capital from the economy while motivating family businesses and others to reduce savings and limit growth.  “While we were still trying Continue Reading →

Thune Reintroduces Legislation to Kill the Death Tax

Thune Reintroduces Legislation to Kill the Death Tax “As if the long arm of the IRS isn’t intrusive enough during life, too often the death tax punishes hard-working Americans even after they’ve passed away.”  WASHINGTON — U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, today reintroduced legislation to permanently repeal the federal estate tax, more commonly known as the death tax. Thune’s bill, the Death Tax Repeal Act of 2017, Continue Reading →

US Senator John Thune’s Weekly Column: Working Toward Repealing Destructive and Unnecessary Death Tax

Working Toward Repealing Destructive and Unnecessary Death Tax By Senator John Thune For any family, the death of a loved one is a difficult and grievous time. Now add the federal government to this painful period, and the situation becomes a nightmare. The federal government shouldn’t force grieving families to pay a tax on their loved one’s life savings, built from income that has already been taxed by Uncle Sam. Many South Dakotans have witnessed this injustice Continue Reading →

Noem Helps Move Death Tax Repeal Forward in the House

Noem Helps Move Death Tax Repeal Forward in the House Washington, D.C. – Rep. Kristi Noem today helped pass a repeal of the death tax out of the House Ways and Means Committee, enabling the legislation to be voted on by the full House later this year.  Noem, whose family farm was hit by the death tax after her father passed away, has been a vocal supporter of its repeal. “When my father died unexpectedly, our Continue Reading →