By Lubbock Times |
Apr 15, 2024
Washington, D.C. - Today, Chairman Jodey Arrington (TX-19) introduced the Estate Tax Rate Reduction Act, aimed at reducing the burden of the estate tax, commonly known as the "Death Tax." Arrington's proposed legislation seeks to cut the estate tax in half, providing tax relief specifically to family-owned businesses in the United States.In a statement regarding the introduction of the Estate Tax Rate Reduction Act, Arrington expressed his concerns about the current estate tax system, labeling it as an unjust double tax that disproportionately affects hard-working...