WASHINGTON, D.C. – Congressman Bob Latta (R-OH) today reintroduced legislation to permanently repeal the estate tax. Better known as the death tax, the estate tax is a tax on an individual’s right to transfer property at their death – punishing the hard work and investments many farmers and small business owners have made during their lifetime.
“The estate tax is one of the greatest burdens facing our farmers and small business owners in the United States, forcing many families to sell off land, equipment and assets in order to pay the tax,” said Latta. “While the federal government may have taken a portion of American families’ hard-earned dollars in the past, it does not have to continue to rob future generations. Permanently eliminating the estate tax is an important step to ensuring our small businesses and farmers can grow and prosper into future generations.”
