Applauding the Passage of H.R. 1105

Floor Speech

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Mr. ALLEN. Mr. Speaker, I rise today to applaud the House of Representatives for passing H.R. 1105, the Death Tax Repeal Act, last week, and to call for its swift consideration and passage in the Senate.

This devastating tax, which requires families to pay as much as 40 percent of the value of an estate they inherit above a certain threshold, has damaged our economy, hurt small businesses, and forced many families out of a legacy they worked hard to build.

In my district of Georgia, many of those hit hardest by the death tax are our family farms; hard-working Americans who have paid taxes on their property all their lives, only to have it taxed again when they try to pass it on to the next generation. In some cases, children are often forced to sell the land, ending a family business, costing real jobs, and destroying a family legacy. Unfortunately, this is not a rare occurrence.

As a proud cosponsor of this bill, I applaud my colleagues in the House for passage of this legislation to repeal the death tax and urge quick consideration and approval in the Senate.

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