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Thornberry introduces bill to repeal death tax

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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. ... Read more »

House passes tax bill before the end of the year

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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... Read more »

Thornberry responds to Trump tax reform proposal

| Posted in Press Releases
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... Read more »

Thornberry introduces the 'Death Tax Repeal Act'

| Posted in Press Releases

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 import... Read more »

Thornberry blasts President's budget as 'unrealistic'

| Posted in Press Releases
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... Read more »

House passes bill to permanently repeal the death tax

| Posted in Press Releases
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... Read more »

Thornberry, Cornyn introduce small business taxpayer bill of rights

| Posted in Press Releases

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 tax... Read more »

Thornberry receives Benjamin Franklin Award for work to repeal estate tax

| Posted in Articles

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 Th... Read more »

Thornberry introduces the Death Tax Repeal Act

| Posted in Press Releases
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 the... Read more »

House passes annual government spending bill

| Posted in Press Releases

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 $1... Read more »