Representative Thornberry of Texas has introduced the Death Tax Repeal Act which seeks to repeal the estate, gift and generation-skipping taxes.
Everything Lubbockin “Thornberry Introduces The Death Tax Repeal Act” reports that the bill already has 36 co-sponsors.
Of course it is too early to predict whether this bill will pass the House of Representatives, let alone make it to President Obama’s desk for his signature or a veto. However, it is never too early to let your opinions be known on this bill.
Whether you are in favor of it or opposed, now would be a good time to let your congressman or congresswoman known what you think about this important and controversial issue.