News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Friday, July 13, 2007
Boozman: Death Tax should not be brought back from the dead Adds name to bill which makes 2001 repeal permanent
WASHINGTON, July 13 - U.S. Rep John Boozman (R-AR) today reaffirmed his commitment to lower taxes and American families by co-sponsoring bipartisan legislation to make permanent the repeal of the “Death Tax.” H.R. 2380, the “Death Tax Repeal Permanency Act of 2007,” makes permanent the repeal of Death Tax signed into law in 2001. “After a lifetime of paying taxes, Americans should not have to pay one more tax upon their death,” Boozman said. “The Death Tax hurts all Americans, not the well-off as some claim. The Death Tax limits job creation and opportunity by reducing the impetus for productive investment.
“The repeal of the Death Tax also continues to help small-business owners and family farmers in Arkansas,” Boozman, a former cattle farmer and small business owner, said. “The old tax could hit a family with as much as a 55% tax on its estate, forcing the family to sell the farm or business just to meet the tax bill. “We want Americans to work hard, and be rewarded for that hard work by being able to pass the family business to their children,” Boozman continued. “The Death Tax is an affront to the notion of the ‘American Dream.’ The Death Tax should not be brought back from the dead.” [Source]Tags:Arkansas, Death Tax, US House
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