Alert

WASHINGTON D.C. – U.S. Senator Roy Blunt (Mo.) co-sponsored the Death Tax Repeal Act of 2015 this week to permanently eliminate the federal estate tax, which hurts Missouri’s family farmers, ranchers, and small business owners. To read the bill that was reintroduced this week by U.S. Senator John Thune (S.D.), click here. Blunt also co-sponsored a FY2016 budget amendment that Thune introduced to create a deficit neutral reserve fund to eliminate the death tax. To read the amendment, click here.

“The death tax disproportionately hurts states like Missouri, which relies heavily on agriculture revenue,” said Blunt. “This tax is often a crushing blow to family business owners and farmers who are trying to plan for the future, which is why I support permanently eliminating it altogether.”

Missouri has more than 100,000 individual farms – the second highest number of farms of any state in the nation. Blunt previously co-sponsored legislation to repeal the death tax, including in June 2013 and March 2013. The Death Tax Repeal Act is supported by the American Farm Bureau Federation, Associated Builders and Contractors, National Association of Manufacturers, National Federation of Independent Business, 60 Plus Association, Americans for Tax Reform, Club for Growth, National Black Chamber of Commerce, International Franchise Association, National Taxpayers Union, American Conservative Union, Family Business Coalition, and many others.