Seniors Leader Urges Senate GOP to Stay True on Death Tax
ALEXANDRIA, VIRGINIA (October 11, 2017) – 60 Plus Founder and Chairman James Martin Wednesday issued the following statement on tax reform efforts in Congress and the importance of abolishing the Death Tax:
“Congressional Republicans have a once-in-a-generation chance to enact significant tax reform including the abolition of the Death Tax. But some Republicans seem intent on snatching defeat from the jaws of victory by backing away from the repeal of this immoral tax.
“The Death Tax is a grotesque levy on families grieving over the death of a loved one and puts many family farms, ranches and small businesses in the tragic position of having to liquidate their assets in order to keep pouring money into the Washington, DC swamp.
“Media reports suggest Senators Mike Rounds of South Dakota and Susan Collins of Maine are leaning toward abandoning the effort to abolish this tax and my sincere hope is that they reconsider any move to keep the Death Tax alive.
“This is no time to trade away the abolition of the Death Tax during deal making on Capitol Hill. The families who will be hurt by failing to repeal this tax are not bargaining chips for selfish lawmakers to exploit as they try to curry favor with their colleagues. These are families whose small businesses are the lifeblood of our economy, providing local jobs that would otherwise disappear.
“Now is the time for congressional Republicans to stay true to their principles by vowing to repeal the Death Tax once and for all, and to keep faith with the small, family-owned businesses, farms and ranches who are needlessly hurt by it,” Martin concluded.