Jim Martin – “Seniors applaud Senator Thune for his leadership to kill the Death Tax!”
Alexandria, VA – Senator John Thune (R-SD) has proposed an amendment to the Senate Budget Resolution submitted by Senator Patty Murray (D-WA) that would provide a deficit neutral fund for the permanent repeal of the death tax.
Jim Martin, Chairman of the 60 Plus Association, noted that his organization has been leading the charge and pushing for repeal of what Martin described as an “onerous tax” at death and “we commend Senator Thune for his continued leadership to kill the Death Tax.”
“This important vote put Senators on record for the first time in seven years on Death Tax repeal. Unfortunately, Senator Thune’s amendment failed 46 to 53, with a number of Democrats ignoring their own constituents’ desire to permanently bury the Death Tax.”
Following Friday’s vote, Martin added: “There were many Democratic Senators who come from states that overwhelmingly support repeal of the death tax who voted against this amendment and we plan to make sure their constituents know it. Mark Pryor (AR), Mary Landrieu (LA), Mark Begich (AK), Mark Udall (CO), and Kay Hagan (NC) all voted against this amendment and are not representing their constituents, but instead are showing allegiance to President Obama and Senator Reid (D-NV) in their ongoing quest to raise taxes.
“60 Plus believes that this vote clearly showed family business owners who is on their side and who isn’t. The Death Tax punishes seniors who plan for their own retirement and destroys multi-generational businesses and jobs. This tax was instituted nearly 100 years ago to help pay for World War I, but last I checked World War I was over – now is the time to push forward to repeal this outdated “temporary tax.” We plan to inform our 7.2 million seniors about this vote and we plan to continue to lead the charge for full repeal of the Death Tax.”