The Seal of the State of Alaska
  Help    

   
Alaska State Legislature
    Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  AchievementsAlaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

Advanced Search
Alaska State Legislature
· The Death Tax  
· Suggest A Link  
Alaska State Legislature
Alaska State Legislature
23rd Alaska State Legislature
The 23rd Alaska State Legislature
Alaska State Representative Lesil McGuire Information

Click image for large 5'' x 7'' portrait
Session:
State Capitol, Room
Juneau, AK 99801-1182
Phone: (907)
Fax: (907) 465-6592
Toll Free: (800) 365-2995
Send Email
Send Public Opinion Message
Subscribe to Newsletter - Privacy Policy

Interim:
716 W. 4th Avenue, Suite 430
Anchorage, AK 99501
Phone: (907) 269-0250
Fax: (907) 269-0249

Repeal Federal Estate Tax
Sponsor Statement for HJR 7
Alaska State Legislature
Alaska State Legislature
Attachments Attachments
 
Updated:
January 30, 2003
Heath Hilyard
Chief of Staff
465-6841 (Jan-May)
269-0250 (June-Dec)





"Since 1996 Congress has voted twice to repeal this 85-year-old tax."
- Rep. McGuire

 

"Relating to urging the United States Congress to amend the tax code to permanently repeal the federal estate and generation-skipping transfer tax."

HJR 7 requests that Alaska’s Congressional delegation "support, work to pass, and vote for the permanent repeal of the death tax."

Since 1996 Congress has voted twice to repeal this 85-year-old tax. HR 8 was passed in 2001, sponsored by Congresswoman Jennifer Dunn (R-WA) and enjoyed broad, bi-partisan support.

Congresswoman Dunn and Congressman John Tanner (D-TN) have been working jointly on a permanent repeal of the Estate Tax. Under current tax law as provided in HR 8, the tax will be phased out completely by 2010, but the phase out will sunset in 2011. There is significant economic evidence to support the repeal of this regressive tax. A study completed by William W. Beach, a John M. Olin Fellow in Economics, has shown this tax disproportionately hurts:

  • Women & minorities
  • Farmers
  • Workers
  • Low-income people
  • Small Businesses

Further, this same study found that this tax is more costly to collect than the revenue it generates. A 1994 analysis clearly demonstrated that "total compliance costs (including economic disincentives) amount to 65 cents for every dollar collected." The additional compliance costs means that in 2000 the $27.8 billion collected actually cost the American taxpayers $36.4 billion.

# # #

 
Attachments:
 
· Print Friendly Version
Requires Adobe Acrobat PDF Reader = 1 pages
26 K
 

Sign Up For E-News!

Unsubscribe  Privacy
Alaska State Legislature
· 25th Legislature Info
House Majority
House Minority
Senate Majority
Senate Minority
BASIS
 
· 24th Leg. Special Session Info  
· Oil & Gas Production Tax Information  
· Keyword Search  
· Legislator Districts  
· Photo Table  
· Passed Legislation  
· Past Legislatures  
· More Web Tools  
· Majority Press Staff  
· Information Offices  
Requires Real Audio Player = Adobe PDF Reader  
Requires Real Audio Player = Real Audio Player  
Requires Real Audio Player = MP3 Audio Player  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

1 Viewer(s)

Total at this time.
Alaska State Legislature
Alaska State Legislature
   
Alaska State Legislature
Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  E-News  |  HelpAlaska State Legislature
Alaska State Legislature
The Official Web Site of the House and Senate Legislative Majorities
for the Alaska State Legislature

To Report Technical Problems or Contact Webmasterse-mail address list