KEY VOTE ALERT
"YES" on Permanent Death Tax Repeal
The Club for Growth, with its 35,000 members, plans to score a "YES" vote in our annual rating of Congress on the expected upcoming Senate vote of H.R. 8, a bill to permanently repeal the Death Tax. We may include procedural votes on, or amendments to, H.R. 8 in the rating.
The Death Tax inhibits economic growth, job creation and higher wages by discouraging saving and investment, placing family-run businesses at a competitive disadvantage, and creating huge and wasteful death tax planning burdens. After a lifetime of paying income taxes it is simply unconscionable to tax a hardworking American one more time at death.
Current law repeals the Death Tax, but only for one year, 2010. This uncertainty is causing unnecessary tax planning complexity, which should be resolved now through permanent repeal. Heritage Foundation "economists estimate that the federal estate tax alone is responsible for the loss of between 170,000 and 250,000 potential jobs each year." An excellent overview of the case for permanent repeal may be found at here.
Our Congressional Scorecard for the 109th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.