Thornberry, Combest
Urge President to Reconsider
Opposition to Death Tax
Repeal
WASHINGTON, D.C.
-- With the Senate’s approval this morning of a bill to repeal the
federal inheritance tax, U.S. Reps. Mac Thornberry (TX-13) and Larry
Combest (TX-19) wrote today to President Clinton urging him to
reconsider his opposition to abolishing the tax.
“Dear Mr. President,”
Thornberry and Combest wrote, “Since you took office in 1993, you
have been fairly clear in stating your belief that the federal
inheritance tax should not be repealed. In light of the fact
that the House overwhelmingly passed legislation on June 12th to do
just this and the Senate followed suit today, we are urging you to
reconsider your position and sign this bill into
law.
“We represent one of the
largest agricultural areas of the country. Eliminating the
death tax would have immediate and far-reaching benefits for the
thousands of farmers and ranchers in our Districts and elsewhere
across the country who struggle each day with the demands of their
job. Trying to deal with low commodity prices and poor weather
is bad enough. But to have your own government come in and
take claim to over half of what you own when you die is a burden no
American should have to face.
“Repealing the death tax is
not only common sense. It’s also the right thing to do.
We ought to be encouraging people to work hard, build, save, and try
to leave something so their children can have a better life.
The death tax stands in the way of all of these things, which is why
it needs to be repealed.
“Accordingly, we urge you to
sign the bill Congress is about to send you that would do this and
provide vital tax relief to thousands of American families and
businesses.”
Thornberry is a lifelong
rancher and author of legislation to repeal the death tax.
Combest is the Chairman of the House Agriculture Committee and a
former farmer.
Both are long-time proponents
of death tax repeal. |