Steve Knight on Tax Reform

	Steve Knight on Tax Reform

Anemic economic recovery due to over-tax & over-regulation

Our nation has experienced an anemic economic recovery which has been marked by high unemployment, poor labor participation rates, and slow growth. A true economic recovery requires positive economic action through comprehensive tax and regulatory reforms that will incentivize, reward productive investment and encourage hiring. Congress must act to make the United States' economy strong and continue to be a top competitor in global markets. Source: 2014 Cal. House campaign website, SteveKnight.org , Nov 4, 2014

Repeal the death tax, immediately and with no expiration.

Knight co-sponsored Death Tax Repeal Act

Repeals the federal estate, gift, and generation-skipping transfer taxes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.
The repeal shall apply to estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.

Explanation from ObTheIssues.org:
Previously the estate tax was repealed, but with a "sunset clause" which terminated the repeal as of 2012TK; this new act has no such built-in expiration. The previous versions of the estate tax repeal also scaled by year the percentage of an estate not subject to the tax; this new act has no scaling and would take full effect immediately. Source: H.R.147 13-HR0147 on Jan 3, 2013

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