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Tag Archives: estate tax

HOUSE POISED TO PASS #TAX BILL

The U.S. House of Representatives Thursday is poised to pass a sweeping overhaul of the tax code, eliminating the death tax and cutting taxes for corporations and individuals before the year’s end. The vote is expected to follow party lines and still faces steep hurdles as House members must reconcile their version with the bill… read more

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SHIMKUS: DEATH TO THE DEATH TAX

With meaningful tax reform on the horizon, Rep. John Shimkus believes now is the time to finally do away with the federal estate tax. “We don’t want triple taxation. We want a simple code that says, ‘You’ve got income, you’re going to be taxed on income. You’re not going to be taxed on assets evaluations… read more

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ESTATE TAX VOTE

The House voted Thursday to repeal the estate tax. The 240-179 vote broke down largely on partisan lines, with seven Democrats voting to repeal the estate tax and three Republicans voting against it.

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ESTATE TAX VOTE

The House is scheduled to vote on H.R. 1105, the Death Tax Repeal Act of 2015, on Thursday. The vote is significant because the House has not voted on estate tax repeal in ten years. A high vote count will increase the chances that the Senate will take up the issue.

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ESTATE TAX VOTE

In a message-sending vote, the Senate endorsed killing the estate tax, but the Republican majority could attract the support of just one Democrat. The 54-46 vote came on one of a series of non-binding amendments to the Senate budget resolution. Ending the death tax was among the messages the IFB Leaders to Washington group brought… read more

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ESTATE TAX REPEAL CLEARS HOUSE PANEL

A divided U.S. House panel has passed a bill that would repeal the federal estate tax. The House Ways and Means Committee voted 22-10 to move the bill. Advocates say abolishing the tax would help farmers and small business owners keep their businesses in the family.

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