Latest News
The House should vote to kill the death tax
Political parties may not agree on much, but one surprising exception in Washington is death tax repeal. Currently the top federal rate on the taxable estates is 40 percent, and it is one of the most widely hated and immoral taxes. When Congress comes back to Washington in September, House Majority Leader Kevin McCarthy (R-Calif.) should schedule a floor vote on Rep. Kevin Brady’s (R-Texas) legislation to repeal the death tax, H.R. 2429.This legislation sees overwhelming support both on and off Capitol Hill. The bill has 221 cosponsors, a bipartisan group that exceeds the number of votes required to pass on the floor…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.