Congressman Zach Wamp, Third District of Tennessee, Link to Home Page
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Legislation Would Repeal Death Tax

 
March 29, 2005

It's simply not right to penalize people who save and invest their money in order to leave something for their families.  The estate tax allows the government to take up to 55 percent of the value of someone's assets, such as savings or a family business, when the owner passes away.

 

This is why I am a cosponsor of H.R. 8, the Death Tax Repeal Permanency Act of 2005, which would make permanent the estate tax cut set to expire in 2010.  The death tax is totally unfair, and it generates a relatively small amount of revenue
 

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