Washington, DC – Senator Rand Paul has signed the Family Business Coalition’s Death Tax Repeal Pledge. The Death Tax Repeal pledge states simply: “I Hereby Pledge to Support Repeal of the Federal Estate Tax.” The pledge is a commitment to the American people that full elimination of the death tax will be a top policy priority for the incoming administration in 2016.
In 2012, every major candidate for the Republican nomination, including Governor Mitt Romney signed the Family Business Coalition’s Death Tax Repeal pledge. Past signers include Republican primary candidates Ted Cruz, Carly Fiorina, Jim Gilmore, Mike Huckabee, Marco Rubio, and Rick Santorum. The pledge has also been signed by nearly 150 Congressional leaders including Majority Leader Kevin McCarthy, Majority Whip Steve Scalise, Congresswoman Cathy McMorris-Rodgers, Senator John Thune, Democratic Senator Joe Manchin, and many more. The Family Business Coalition expects all serious Presidential primary contenders to sign the pledge again this 2016 election season. Senator Paul first signed the pledge when he ran for the United States Senate in 2010.
In April, the Death Tax Repeal Act became the first death tax repeal bill to pass the House of Representatives in over ten years. The Death Tax Repeal Act, HR 2429, authored by Reps. Kevin Brady (R-TX) and Sanford Bishop (D-GA) passed the House with a bipartisan majority and is currently awaiting consideration in the United States Senate. In a statement of administration policy, President Obama threatened to veto the legislation.
“Senator Paul is a champion death tax repeal and fully supports eliminating this economically destructive tax” said Palmer Schoening, Chairman of the Family Business Coalition. “Senator Paul has taken an important step in showing his support for repeal and this election season we will encourage other candidates to follow his lead. With the support of over 80 diverse organizations and advocacy groups, the Family Business Coalition hopes to keep full repeal of the death tax as a top-tier election issue and achieve permanent elimination of the death tax under the next President.”
A full list of current Death Tax Repeal Pledge signers can be found at: www.deathtaxrepealpledge.org
The Family Business Coalition is a diverse collection of organizations and industry groups united for the common purpose of protecting America’s family businesses across the country. Visit www.familybusinesscoalition.org.