Home / Pressroom / Taxes

Taxes

Browse Documents
by Date or Issue:
  • Thornberry introduces bill to repeal death tax
    Posted in Press Releases on January 8, 2019 | Preview rr
    Tags: Taxes

    Thornberry introduces bill to repeal death tax WASHINGTON- U.S. Congressman Mac Thornberry (R-Clarendon) introduced his first bill of the 116th Congress. H.R. 222, the “Death Tax Repeal Act,” will completely and permanently repeal the federal estate, gift, and generation-skipping taxes. Congressman Thornberry has consistently introduced the “Death Tax Repeal Act” throughout his time in Congress. “Tax reform made the death tax less burdensome, but it should be totally eliminated.Death should nev... Read more

  • House passes tax bill before the end of the year
    Posted in Press Releases on December 20, 2018 | Preview rr
    Tags: Taxes

    FOR IMMEDIATE RELEASE CONTACT:Jordan Hunter December 20, 2018 (202) 225-3706 House passes tax bill before the end of the year WASHINGTON- The U.S. House of Representatives passed H.R. 88, the “Retirement, Savings, and Other Tax Relief Act.” This bill passed the House by a vote of XXX to XXX. “It is important that we continue to work on legislation that brings relief to hardworking Americans. Last year, we took a step in reforming our tax code by passing tax reform. Earlier this year, the House ... Read more

  • Thornberry responds to Trump tax reform proposal
    Posted in Press Releases on April 26, 2017 | Preview rr
    Tags: Economy, Taxes

    U.S. Congressman Mac Thornberry (R-Clarendon) today responded to President Trump’s proposal to reform the U.S. tax code. “The tax reform outline that was released today by the White House is another encouraging step toward fixing our broken tax code. The proposal would simplify both individual and business taxes with the goal of encouraging economic growth,” said Thornberry. Among other provisions, the proposal would: • Eliminate the Estate Tax, commonly referred to as the “Death Tax”; • Reduce ... Read more

  • Thornberry introduces the 'Death Tax Repeal Act'
    Posted in Press Releases on January 4, 2017 | Preview rr
    Tags: Agriculture, Thoughts on Government, Taxes

    U.S. Congressman Mac Thornberry (R-Clarendon) introduced his first bill of the 115th Congress. The “Death Tax Repeal Act,” H.R. 198, will completely and permanently repeal the federal estate, gift, and generation-skipping taxes. The bill already has garnered 44 cosponsors. “This simple, two-page bill would permanently and fully eliminate the death tax, which undermines one of America’s most important means of capital formation: building a family enterprise,” said Thornberry. “Death should never ... Read more

  • Thornberry blasts President's budget as 'unrealistic'
    Posted in Press Releases on February 9, 2016 | Preview rr
    Tags: Taxes

    U.S. Congressman Mac Thornberry (R-Clarendon) issued the following statement after President Obama released his Fiscal Year 2017 budget: “The President released the final budget proposal of his Administration today, and it is as unrealistic as all of his previous proposals. He is a lame duck trying to stay relevant, but he knows that provisions like a $10 tax on every barrel of oil will never pass Congress. "This is another reminder of why this year's presidential election is so important: we ne... Read more

  • House passes bill to permanently repeal the death tax
    Posted in Press Releases on April 16, 2015 | Preview rr
    Tags: Taxes

    U.S. Congressman Mac Thornberry (R-Clarendon) voted today in support of a bill that permanently repeals the death tax. The “Death Tax Repeal Act of 2015,” H.R. 1105, passed the House by a vote of 240-179. The death tax, also known as the inheritance tax or estate tax, requires families to turn over portions of an inheritance to the government. Small business owners, farmers, and ranchers are often particularly vulnerable to this tax, making it more difficult for future generations to build upon ... Read more

  • Thornberry, Cornyn introduce small business taxpayer bill of rights
    Posted in Press Releases on April 15, 2015 | Preview rr
    Tags: Government Overreach, Taxes

    On Tax Day, U.S. Congressman Mac Thornberry (R-Clarendon) and U.S. Sen. John Cornyn (R-TX) introduced legislation to lessen the burden on small business owners and assist taxpayers in cutting through IRS red tape. The Small Business Taxpayer Bill of Rights Act of 2015 would lower compliance burdens for taxpayers, strengthen taxpayer protections, compensate taxpayers for IRS abuses, and improve taxpayer access to the U.S. Tax Court System. “All too often, the federal government, especially the IR... Read more

  • Thornberry receives Benjamin Franklin Award for work to repeal estate tax
    Posted in Articles on April 2, 2015 | Preview rr
    Tags: Government Overreach, Taxes

    U.S. Congressman Mac Thornberry (R-Clarendon) received the Benjamin Franklin Award from the 60 Plus Association, a non-partisan seniors advocacy group, for his continued efforts to repeal the death tax. “I appreciate being recognized for my work to repeal the death tax, but, more importantly, I’m encouraged that a bill to repeal it was passed out of the Ways and Means Committee last week,” said Thornberry. “That is an important step to remove the burden the death tax places on family farms, ranc... Read more

  • Thornberry introduces the Death Tax Repeal Act
    Posted in Press Releases on January 8, 2015 | Preview rr
    Tags: Taxes

    Area Congressman Mac Thornberry filed his first bill of the 114th Congress on its opening day. The “Death Tax Repeal Act (H.R. 173)” will completely and permanently repeal the Federal estate, gift, and generation-skipping taxes. The bill already has garnered 36 cosponsors. “The death tax is fundamentally unfair for estates of any size,” said Thornberry. “Americans are required to pay taxes on their savings and incomes while they are alive. They should not have to do so at death as well, nor sho... Read more

  • House passes annual government spending bill
    Posted in Press Releases on December 12, 2014 | Preview rr
    Tags: Government Overreach, Economy, National Security, Agriculture, Energy, Second Amendment, Health Care Reform, Thoughts on Government, Taxes, Executive Overreach, Immigration

    The U.S. House of Representatives passed a spending bill yesterday that provides funding for nearly all of the government’s operations through the end of the fiscal year, September 30, 2015. The exception is the Department of Homeland Security, which will receive funding for less than 90 days, expiring on February 27, 2015. Under the agreement, overall discretionary spending has been reduced by $165 billion since Fiscal Year 2010. The legislation passed with a bipartisan vote of 219 to 206. Cong... Read more