Rep. Arrington Introduces Legislation to Cut 'Death Tax'
January 18, 2020
January 18, 2020
WASHINGTON, Jan. 18 -- Rep. Jodey Arrington, R-Texas, issued the following news release:
Congressman Jodey Arrington (TX-19) introduced H.R. 5652 - legislation that will provide much-needed relief to family-owned businesses by cutting the estate tax rate in half. Currently, the estate tax - commonly known as the 'Death Tax' - is the highest tax rate in the U.S. Tax Code at 40 percent. This legislation, if passed, would simplify and reduce the rate to 20 percent across the board, thu . . .
Congressman Jodey Arrington (TX-19) introduced H.R. 5652 - legislation that will provide much-needed relief to family-owned businesses by cutting the estate tax rate in half. Currently, the estate tax - commonly known as the 'Death Tax' - is the highest tax rate in the U.S. Tax Code at 40 percent. This legislation, if passed, would simplify and reduce the rate to 20 percent across the board, thu . . .