HOUSE Key Vote Alert - Death Tax Repeal

KEY VOTE ALERT
"YES" on Permanent Death Tax Repeal


The Club for Growth urges Members of the U.S. House to vote "YES" on the motion to recommit for the Tax Collection Responsibility Act of 2007 (H.R. 3056). This key vote will be part of our 2007 Congressional Scorecard.

This motion to recommit would permanently repeal the Death Tax.

The Death Tax inhibits economic growth, job creation and higher wages by discouraging saving and investment, placing family-run businesses at a competitive disadvantage, and creating huge and wasteful death tax planning burdens. After a lifetime of paying income taxes it is simply unconscionable to tax a hardworking American one more time at death.

Current law repeals the Death Tax, but only for one year, 2010. This uncertainty is causing unnecessary tax planning complexity, which should be resolved now through permanent repeal. Heritage Foundation "economists estimate that the federal estate tax alone is responsible for the loss of between 170,000 and 250,000 potential jobs each year." An excellent overview of the case for permanent repeal may be found here.

Our Congressional Scorecard for the 110th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.


Posted by Key Vote Alert on October 10, 2007 2:19 PM
(Source URL: http://www.clubforgrowth.org/2007/10/house_key_vote_alert_death_tax.php)