Death Tax: Last week, the House passed a permanent extension of the Death Tax, setting the tax rate on any estates over $3.5 million at 45%, not indexed for inflation. The vote was 225-200 with ZERO Republicans voting in favor and 26 Democrats voting to oppose. The Senate is talking about a much preferable 35% on estates over $5 million, indexed for inflation. I favor complete repeal of the tax, although the Senate proposal would be a step in the right direction. Here is a clip of my 2 minute floor speech on why I oppose this bill and this tax.
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