The Alliance was pleased to learn that the Death Tax Repeal Act, H.R. 7035, has been reintroduced in the U.S. House of Representatives by Rep. Randy Feenstra (R-IA-04). The bill would fully repeal the federal estate and generation-skipping transfer taxes. H.R. 7035, which has gained more than 160 cosponsors, was referred to the House Ways and Means Committee for consideration.
For small business owners, the death tax is an unnecessary …