GOP Lawmakers Call for Full Estate Tax Repeal in Tax Package
GOP Lawmakers Call for Full Estate Tax Repeal in Tax Package
- AuthorsDavidson, Rep. WarrenBanks, Rep. JimFranks, TrentGosar, Rep. Paul A.Mooney, Rep. Alexander X.King, SteveYoho, Ted S.Perry, Rep. ScottBiggs, Rep. AndyLatta, Rep. Robert E.Gibbs, Rep. BobWalker, MarkLamborn, Rep. DougGoodlatte, BobMesser, LukeCheney, Rep. LizRooney, Thomas J.Valadao, Rep. David G.Thompson, Rep. GlennJoyce, Rep. David P.Norman, Rep. RalphHice, Rep. Jody B.LaMalfa, Rep. DougGraves, Rep. SamRoe, David P.Bilirakis, Rep. Gus M.Russell, SteveAbraham, Ralph LeeDunn, Rep. Neal P.Babin, Rep. BrianJohnson, Rep. MikeGraves, Rep. GarretChabot, Rep. SteveLaHood, Rep. DarinDuncan, Rep. JeffWilliams, Rep. RogerMarshall, Sen. Roger W.Pearce, StevanCulberson, John AbneyFarenthold, BlakeKelly, Rep. TrentMeadows, MarkHurd, WillBergman, Rep. JackBudd, Sen. Theodore PaulGohmert, Rep. LouieSensenbrenner, F. James, Jr.Barletta, LouRokita, ToddDesJarlais, Rep. ScottStewart, Rep. ChrisBarton, JoeSmith, Rep. JasonHarris, Rep. Andy
- Institutional AuthorsU.S. House of Representatives
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2017-99450
- Tax Analysts Electronic Citation2017 TNT 236-41
December 7, 2017
The Honorable Paul Ryan
Speaker, U.S. House of Representatives
H-232, U.S. Capitol
Washington, D.C. 20515
The Honorable Kevin Brady
Chairman, Committee on Ways and Means
1102 Longworth HOB
Washington, D.C. 20515
CC: Majority Leader McCarthy and Majority Whip Steve Scalise
Dear Speaker Ryan and Chairman Brady:
Thank you for helping House Republicans keep our promise to repeal the death tax in the Cuts and Jobs Act passed by this body. Full repeal of the death tax has been a conservative priority for nearly 40 years and Republicans are closer than ever to finally killing the death tax once and for all. Repeal of the death tax is also overwhelmingly supported by the public; an April 2017 NPR/Ipsos poll found 76 percent of respondents favor abolishing the tax.
Support for repeal among House Republicans is unanimous. Congresswoman Noem's Death Tax Repeal Act currently has over 100 cosponsors in the House and Chairman Brady's Death Tax Repeal Act passed the House 240-179 on a bipartisan basis in April of 2015. Calls for repeal were so strong from the Freedom Caucus, the Tuesday group, and rank and file Republicans that the House went through the process of regular order to pass Chairman Brady's legislation as a stand alone measure.
Given this overwhelming support, we strongly urge you to pursue a solution in conference that repeals the estate tax. We are concerned about the current Senate plan, which falls short of the long term Republican goal by providing only temporary relief while leaving the death tax in place. The Senate's temporary policy would provide no certainty to business owners planning for succession and do nothing to cut down on expensive estate planning costs associated with the death tax.
The Republican majority was largely elected because of a movement across America to move to sounder fiscal policy and reform our ailing tax code. A vote to repeal the estate tax would accomplish both of those things. A study by the nonpartisan Tax Foundation shows that repeal would create 159,000 new jobs and increase GDP by nearly one percent over a decade. This increase in GDP and new jobs would bring in enough revenue to nearly offset the loss of revenue from repeal.
The temporary Senate policy is out of step with the President, the House, and the tax reform joint framework released in September. Many of us are continuing to hear from family businesses, farmers, and ranchers in our districts about the need for repeal — not only because of the harm a 40 percent tax at death causes, but also because of their yearly compliance burden.
We urge you to seek an agreement in conference that achieves repeal of the hated and economically destructive death tax. We look forward to working with you to pass tax reform that simplifies the tax code, lowers taxes on middle class families, and kills the death tax once and for all.
Sincerely,
Warren Davidson
Member of Congress
Trent Franks
Member of Congress
Alexander Mooney
Member of Congress
Ted Yoho
Member of Congress
Andy Biggs
Member of Congress
Bob Gibbs
Member of Congress
Jim Banks
Member of Congress
Paul A Gosar, D.D.S.
Member of Congress
Steve King
Member of Congress
Scott Perry
Member of Congress
Bob Latta
Member of Congress
Mark Walker
Member of Congress
Doug Lamborn
Member of Congress
Luke Messer
Member of Congress
Thomas J. Rooney
Member of Congress
Glenn 'GT' Thompson
Member of Congress
Ralph Norman
Member of Congress
Doug LaMalfa
Member of Congress
David P. Roe, M.D.
Member of Congress
Steve Russell
Member of Congress
Neal Dunn
Member of Congress
Bob Goodlatte
Member of Congress
Liz Cheney
Member of Congress
David G. Valadao
Member of Congress
David Joyce
Member of Congress
Jody Hice
Member of Congress
Sam Graves
Member of Congress
Gus Bilirakis
Member of Congress
Ralph Abraham, M.D.
Member of Congress
Brian Babin
Member of Congress
Mike Johnson
Member of Congress
Steve Chabot
Member of Congress
Jeff Duncan
Member of Congress
Roger Marshall
Member of Congress
Johns Culberson
Member of Congress
Trent Kelly
Member of Congress
Will Hurd
Member of Congress
Ted Budd
Member of Congress
F. James Sensenbrenner, Jr.
Member of Congress
Garret Graves
Member of Congress
Darin LaHood
Member of Congress
Roger Williams
Member of Congress
Steve Pearce
Member of Congress
Blake Farenthold
Member of Congress
Mark Meadows
Member of Congress
Jack Bergman
Member of Congress
Louie Gohmert
Member of Congress
Lou Barletta
Member of Congress
Todd Rokita
Member of Congress
Chris Stewart
Member of Congress
Jason Smith
Member of Congress
Scott DesJarlais
Member of Congress
Joe Barton
Member of Congress
Andy Harris
Member of Congress
- AuthorsDavidson, Rep. WarrenBanks, Rep. JimFranks, TrentGosar, Rep. Paul A.Mooney, Rep. Alexander X.King, SteveYoho, Ted S.Perry, Rep. ScottBiggs, Rep. AndyLatta, Rep. Robert E.Gibbs, Rep. BobWalker, MarkLamborn, Rep. DougGoodlatte, BobMesser, LukeCheney, Rep. LizRooney, Thomas J.Valadao, Rep. David G.Thompson, Rep. GlennJoyce, Rep. David P.Norman, Rep. RalphHice, Rep. Jody B.LaMalfa, Rep. DougGraves, Rep. SamRoe, David P.Bilirakis, Rep. Gus M.Russell, SteveAbraham, Ralph LeeDunn, Rep. Neal P.Babin, Rep. BrianJohnson, Rep. MikeGraves, Rep. GarretChabot, Rep. SteveLaHood, Rep. DarinDuncan, Rep. JeffWilliams, Rep. RogerMarshall, Sen. Roger W.Pearce, StevanCulberson, John AbneyFarenthold, BlakeKelly, Rep. TrentMeadows, MarkHurd, WillBergman, Rep. JackBudd, Sen. Theodore PaulGohmert, Rep. LouieSensenbrenner, F. James, Jr.Barletta, LouRokita, ToddDesJarlais, Rep. ScottStewart, Rep. ChrisBarton, JoeSmith, Rep. JasonHarris, Rep. Andy
- Institutional AuthorsU.S. House of Representatives
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2017-99450
- Tax Analysts Electronic Citation2017 TNT 236-41