“Growing up in a family funeral home, I saw first-hand the grief families endured following the death of a parent. The estate tax diminishes the ability of families to pass on their life’s work to their children and grandchildren. Burdening family farmers and small-business owners in Illinois only adds insult to injury,” said Hultgren. “All Americans agree that it is unfair to tax the same assets over and over again. Yet, this IRS injustice continues to threaten the livelihood of family-owned businesses—a lifeblood of our nation—and stunts their continuity, harming economic growth.
“Furthermore, a report by former CBO Director Douglas Holtz-Eakin estimated that a full repeal of the estate tax would create 1.5 million new jobs. To bolster economic recovery, we must do more to make life more affordable and encourage people to make the investments in their businesses that will get our economy moving again.”
See the letter HERE