Fischbach announces support for Death Tax Repeal Act

Minnesota US Representative Michelle Fischbach joined Iowa Congressman Randy Feenstra in reintroducing the Death Tax Repeal Act, which would permanently repeal the death tax. The death tax is a tax that is  assessed to the estate and  is based on the value of your property at the time of the person’s death. 

In her most recent update Congresswoman Fischbach said “Families across Minnesota’s 7th District have spent generations building successful farms or small businesses. These families should not be punished by America’s tax code, but, unfortunately, that is what is happening under the current system.” 

Fischbach also said that, “Grieving families are faced with the threat of losing their business because of the excessive costs imposed by the death tax, an unfair, costly tax on the transfer of property, land, and other assets from a deceased family member to heir of their family farms and small businesses.”