Search
|
Congresswoman Jenkins Votes To Repeal Death Tax, Shares Story Of Kansan Impacted By The Tax
April 16, 2015Today, the House of Representatives passed H.R. 1105, the Death Tax Repeal Act of 2015 to permanently repeal the estate tax. The estate tax, also known as the death tax, is a 40 percent tax on an individual's transfer of assets in excess of an exemption amount to the next generation at the time of his or her death. Earlier today, Congresswoman Lynn Jenkins (KS-02) submitted the following statement for the Congressional Record:
“As a CPA, I understand that the only certainties in life are death and taxes. Unfortunately, Washington has decided that a third certainty can be created when we combine those two separate terms.
“The death tax is an issue that, as long as it exists, will be seen as a provision by which politicians can pocket more of families’ hard-earned legacies.
“I recently heard from one Kansan whose father-in-law, a farmer, passed away in 2005. Because these folks wanted to keep the farm in the family, they had to set up an installment plan with the IRS to pay the death tax. Even then, they have been forced to dip into retirement funds and sell other assets in order to make the payments and keep the land.
“Stories like this are the reason why I am a cosponsor of H.R. 1105, which would permanently repeal the death tax. We need to stop treating death as a taxable event. The only solution to this problem, which faces family farmers and business owners in Kansas, is to eliminate the death tax, once and for all.”
# # #
-
Office Locations
Office Name Location Image Map URL Washington DC 1526 Longworth HOB
Washington, DC 20515
Phone: (202) 225-6601
Fax: (202) 225-7986
https://goo.gl/maps/V4Xiq8BYANy Topeka Office
3550 SW 5th Street
Topeka, KS 66606
Phone: (785) 234-LYNN (5966)
Fax: (785) 234-5967
https://goo.gl/maps/NnvZaT6rnEP2 Pittsburg Office
1001 N. Broadway Street #C
Pittsburg, KS 66762
Phone: (620) 231-LYNN (5966)
Fax: (620) 231-5972
https://goo.gl/maps/1iRPr3oLxuH2
-
HIDDEN_WEBSITE_VARIABLES
How to use: Insert <span class="EXACT_VALUE_LABEL_AS_ENTERED_BELOW"> </span> where you'd like the value to be populated.
Non-breaking space within span tags - - is required for WYSIWYG.
Label
(no spaces or special characters)Value
Comments (optional) repName John Smith helpWithFedAgencyAddress Haverhill District Office
1234 S. Courthouse
Haverhill, CA 35602district 21st District of California academyUSCitizenDate July 1, 2012 academyAgeDate July 1, 2012 academyApplicationDueDate October 20, 2012 repStateABBR AZ repDistrict 1 repState Arizona repDistrictText 1st repPhoto 
SponsoredBills Sponsored Bills CoSponsoredBills Co-Sponsored Bills


