Noem Helps Lead House on Permanent Death Tax Repeal
Washington, D.C. – Representative Kristi Noem today helped lead the House in passing a full and permanent repeal of the death tax with bipartisan support. Noem’s family farm was hit by the death tax after her father passed away.
“Shortly after my dad passed away in a farming accident, my family got a letter from the IRS telling us that we owed a tax because he had died,” said Noem. “I have never understood why the federal government thought it was appropriate to go after families with this double tax – especially in a time of crisis. My dad had already paid taxes on the equipment, the land, and any money we had in the bank. Now, we had to pay taxes on it again because he had passed away. It’s not right. No family should have to go through that. I am committed to repealing the death tax and today we took a big step toward accomplishing that.”
A member of the House Ways and Means Committee, Rep. Noem joined Reps. Kevin Brady (R-TX), Sanford Bishop (D-GA) and Devin Nunes (R-CA) in introducing H.R.1105, the Death Tax Repeal Act of 2015, on February 26, 2015. The bill fully repeals the estate and generation-skipping transfer taxes – more commonly known as the “death tax.” The legislation will now be sent to the Senate.
Watch Rep. Noem’s Powerful Testimony on the Death Tax
(Ways and Means Committee Hearing, 3/25/15)
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Middle income folks who do not inherit an estate pay taxes after the death of their loved ones. Income taxes. “No family should have to go through that.”
Kristi is talking about removing the tax on estates in excess of 10.8 million dollars. Thats right. 10.8 million dollars per couple. That would be .3 percent of the wealthiest people. Three in a thousand.
Family farms? Please just stop being so dishonest about this.
Snooki says its all about me not about you.