Citizens for a Sound Economy applauds the House of Representatives for passing H.R. 8, “The Death Tax Elimination Act.” This move by Congress makes our tax system fairer and allows small businesses and family farms to be passed on from one generation to the next without fearing the IRS.
H.R. 8 will remove the death tax from our tax rolls over the next decade. With nearly half of all American households now invested in the stock market, it is possible that millions of average families will soon retire with estates large enough to be hit by the death tax.
CSE praises Congress for having the courage to act and pass H.R. 8.