Americans for Prosperity
The death tax, also known as the estate tax, is a tax on a person’s assets at death. Family-owned farms and businesses are most vulnerable to the death tax. When one generation wishes to pass family business assets down to the next generation, the death tax can threaten the continued viability of the business’ operations.
While the tax falls directly on the children and grandchildren of some of society’s most successful members, it also builds harmful distortions and inefficiencies into our economy that hurt everyone by stifling economic growth.
Family-owned farms and businesses play an important role in the US economy, and are a manifestation of the American dream. It is simply wrong to punish Americans who work hard throughout their lives by confiscating the fruits of their labor when they die.
Please join AFP in urging your lawmakers to support legislation repealing the death tax.