House Will Make Up For Senate Failure On Estate Tax

I'm quite frankly disappointed that the Senate couldn't obtain cloture on a full repeal of the Death Tax. However, the bill we're debating today is a strong compromise - and it will certainly protect many more families, small businesses, and family farms from the double taxation of the Death Tax. The old adage here is true - we cannot let the perfect become the enemy of the good. And we have an opportunity today to take a substantial and permanent chunk out of the Death Tax with a bill that can pass the Senate. The Death Tax is one of the more exasperating taxes on the books. Death should not be a taxable event. And yet, we continue to hand grieving families a "payment due" bill upon the death of a loved one. This tax is hurting our economy and costing us jobs. So while I would rather see it permanently repealed, we have an opportunity today to substantially reduce its burden - for good.