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

Rep. Tim Walberg introduces bill targeting aquatic invasive species

Jon Zimney

CDC Foundation report says cigarette tax increase has caused drop in sales

Jon Zimney

Niles woman hospitalized after possible alcohol-fueled crash in Cass County

Jon Zimney

Leave a Comment