LocalNationalNews

Congresswoman Jackie Walorski rails against “devastating” death tax

Congresswoman Jackie Walorski came out Monday against what she called “the devastating death tax.”

Walorski says the estate tax “can impose a crushing tax bill on family-owned businesses and farms when the primary owner passes away.”

She points out that the 40-percent tax is imposed as a second or third layer of tax on a person’s business or other assets when they are passed down to the next generation. She says “with today’s broken tax code, even death is a taxable event.”

Related posts

Nappanee man sentenced for dealing meth

Alyssa Foster

St. Joseph Department of Public Safety adds new K-9 officer

Alyssa Foster

South Bend to Host Lead Safety Resource Week October 26–30

Jon Zimney

Leave a Comment