Does the Death Tax Have a Date with the Grim Reaper?

Dick Patten, President of the American Family Business Institute (AFBI) said in a statement, “It’s encouraging that this bi-partisan bill has garnered nearly as many co-sponsors as the total votes needed to pass it. The death tax is consistently ranked as the least fair and most unpopular tax in America. If members of Congress and our President want to get behind populist legislation, they should put down the class warfare rhetoric and take up Rep. Brady’s bill to repeal the death tax.”

However, many experts feel that making headway on the issue will be hard to do at least until after the general election in November making it exceedingly difficult for insurers who sell products that mitigate the estate tax.

Rep. Brady said in a statement, “The death tax remains the number one reason family-owned businesses and farms can’t be passed down to their children. Reaching this important milestone of over 200 sponsors now shows overwhelming support for repealing this terrible tax.”