Roe Supports Bills to Protect Taxpayers
Bills would Repeal the Death Tax, Prevent Federal Dollars from Going to Delinquent Taxpayers & Bring Fairness to States with No Income TaxWASHINGTON, D.C. – This week, Rep. Phil Roe, M.D. (R-TN) supported legislation to repeal the estate tax, or “Death Tax.” He also voted in support of three other tax-related bills, H.R. 1562, the Contracting and Tax Accountability Act, H.R. 622, the State and Local Sales Tax Deduction Fairness Act, and H.R. 1563, the Federal Employee Tax Accountability Act. H.R. 1562 would prohibit federal agencies from awarding contracts or grants above $150,000 to persons or companies with seriously delinquent tax debt and H.R. 1563 would ensure persons having seriously delinquent tax debts are not eligible for Federal employment. H.R. 622 greatly benefits Tennesseans, as it would make permanent the ability to use the itemized deduction for State and local government sales taxes in lieu of the itemized deduction for State and local income tax in states that do not have an income tax.
Roe released the following statement on the bills:
“This Tax Week, the House acted to protect American taxpayers by repealing the costly death tax, ensuring bad actors don’t receive federal money and by making permanent the ability of taxpayers in states with no income tax – like Tennessee – to use the itemized deduction for sales tax in lieu of income tax. It’s unfair for anyone who doesn’t pay their taxes to be employed by the federal government or to be awarded federal contracts or grant money. I am especially proud we’ve acted to repeal the death tax, which hits family-owned farms and other businesses hardest. We’re taxed all our lives in this country, and it’s outrageous – and I believe unethical – we’d tax someone for dying and attempting to leave something behind for their families. I am proud to support these bills that I believe will bring some common sense and accountability to our tax system.”According to a 2012 Joint Economic Committee study, the estate tax has reduced the amount of capital stock in the U.S. economy by roughly $1.1 trillion since its introduction.