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REQUESTING THE CONGRESSIONAL DELEGATION OF THE STATE OF SOUTH CAROLINA TO WORK TO ABOLISH THE DEATH TAX PERMANENTLY.
Whereas, under tax relief legislation passed in 2001, the death tax was temporarily phased out but not permanently eliminated; and
Whereas, farmers and other small business owners will face losing their farms and businesses if the federal government resumes the heavy taxation of citizens at death; and
Whereas, this is a tax that is particularly damaging to families who are working their way up the ladder and trying to accumulate wealth for the first time; and
Whereas, employees suffer layoffs when small and medium businesses are liquidated to pay death taxes; and
Whereas, if the death tax had been repealed in 1996, the United States economy would have realized billions of dollars each year in extra output and an average of 145,000 additional new jobs would have been created; and
Whereas, having repeatedly passed in the United States House of Representatives and Senate, repeal of the death tax holds wide bipartisan support. Now, therefore,
Be it resolved by the House of Representatives, the Senate concurring:
That members of the South Carolina General Assembly, by this resolution, request that the South Carolina Congressional Delegation support, work to pass, and vote for the immediate and permanent repeal of the death tax.
Be it further resolved that a copy of this resolution be forwarded to the members of the South Carolina Congressional Delegation.
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