[Congressional Record Volume 161, Number 58 (Tuesday, April 21, 2015)]
[House]
[Page H2322]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
APPLAUDING THE PASSAGE OF H.R. 1105
(Mr. ALLEN asked and was given permission to address the House for 1
minute.)
Mr. ALLEN. Mr. Speaker, I rise today to applaud the House of
Representatives for passing H.R. 1105, the Death Tax Repeal Act, last
week, and to call for its swift consideration and passage in the
Senate.
This devastating tax, which requires families to pay as much as 40
percent of the value of an estate they inherit above a certain
threshold, has damaged our economy, hurt small businesses, and forced
many families out of a legacy they worked hard to build.
In my district of Georgia, many of those hit hardest by the death tax
are our family farms; hard-working Americans who have paid taxes on
their property all their lives, only to have it taxed again when they
try to pass it on to the next generation. In some cases, children are
often forced to sell the land, ending a family business, costing real
jobs, and destroying a family legacy. Unfortunately, this is not a rare
occurrence.
As a proud cosponsor of this bill, I applaud my colleagues in the
House for passage of this legislation to repeal the death tax and urge
quick consideration and approval in the Senate.
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