Congressman Mac Thornberry filed his first bill of the 114th Congress on its opening day. The Death Tax Repeal Act (H.R. 173)” will completely and permanently repeal the Federal estate, gift, and generation-skipping taxes. The bill already has garnered 36 cosponsors. Without any reasonable chance of passing either House, the bill is symbolic in nature and likely meant to curry political support at home.
Repeal of Estate and Gift Taxes is Attempted Again
Posted in Status of Tax Legislation, WillPlan Blog.