Moolenaar Votes to Repeal the Death Tax
Today, Representative John Moolenaar (R-Midland) voted in support H.R. 1105, to repeal the Estate Tax, commonly known as the Death Tax. The 40 percent tax is imposed on individuals receiving an inheritance from the death of a family member or friend. It is levied on top of their regular income tax.
“For many in Michigan’s Fourth Congressional District, the American Dream is to build a family farm or business and pass it on to their sons and daughters. Repealing the Death Tax makes it easier for Americans to realize that dream.
“The Death Tax often forces family farms to sell land and equipment to pay their tax bill. This is unacceptable. Death should never be a taxable event,” said Moolenaar.
The House passed repeal of the Death Tax in a bipartisan, 240-179 vote.