April 17, 2015: House of Representatives Passes Bill to Repeal Estate Tax
White House Has Threatened a Veto
WASHINGTON — The U.S. House of Representatives voted to permanently repeal the estate tax, also known as the "death tax," passing H.R. 1105, the Death Tax Repeal Act of 2015, by a margin of 240-179. The bill, authored by Rep. Kevin Brady (R-Texas), would repeal the estate tax and the generation-skipping transfer (GST) tax for all future transfers.
Heating, Air-conditioning and Refrigeration Distributors International (HARDI) CEO Talbot Gee said, “HARDI is pleased that the House sees the long-term economic value in supporting small businesses by repealing this tax law. Repealing of the estate tax should be seen as a jobs bill. Those who continue to think such repeal is only a windfall for the rich will hopefully get to meet with HARDI member company employees during next month’s Fly-In to hear from those whose jobs and livelihoods are threatened by this double taxation. We hope our representatives in the Senate will now show the same support for our country’s small businesses and entrepreneurs.”