Death should not be a taxable event.The Founders of our country believed this so strongly that they included a clause in the U.S. Constitution that forbids seizing an estate at death as a punishment for treason; it is unconscionable that the government now seizes up to 40 percent of everything a person leaves to his or her children as a punishment for achieving the American Dream.The House has a great opportunity to do the right thing by bringing H.R. 1105 to the floor for a vote before April 13, which will mark a shocking TEN YEARS since the last House vote on death tax repeal.I urge you to cosponsor H.R. 1105, encourage leadership to bring it to the floor for timely consideration, and to vote for it.
Feel free to copy this memo and send it to your House Representative. If it passes, the real question is: Will Obama sign it? Of course, this should not deter anyone from supporting a repeal of this horrible tax. This is not a tax on the 'rich' - real estate property values left to loved ones could amount to the minimum requirement of this tax mandate. It has already hurt family-owned businesses left by the founder, head-of-household. In one case, a family business in North Carolina had to sell the 75-year old family business because they could not afford the death tax.
Taxation is for funding government operations. Unfortunately, too many politicians on both sides of the political aisle have a 'tax-and-spend' policy instead of keeping a workable budget. The Founders provided a clauses in the US Constitution that addresses limitation of powers and authority for a reason.