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.”
