Ron Paul Signs Pledge to kill the Death Tax



FOR IMMEDIATE RELEASE



DURHAM, NEW HAMPSHIRE – Congressman Ron Paul became the first presidential candidate to sign the death tax repeal pledge today at an event preceding tonight's New Hampshire presidential debate. The pledge, offered by the American Family Business Institute, has been offered to all presidential hopefuls and makes clear a candidates commitment to repealing the death tax in the their first term.

The federal death tax is scheduled to expire in 2010 but returns to 55 percent in 2011. If kept in place, children and grandchildren of farmers and small family businesses will be hit with seven figure bill from the IRS when their loved ones pass away.

"After a lifetime of work, paying income tax, property tax and sales tax, it is preposterous to think that the IRS should then be able to take more than half of our money when we die," said Dr. Paul after signing the repeal pledge. "Even worse, it slaps families with a tax just as their parents have died. I find that incredibly offensive."

"A critical part of the American dream is that we can pass on part of our legacy to our kids and grandkids. The death tax stomps out that right and destroys family farms and businesses," continued Dr. Paul. "If elected president, I will work tirelessly to insure we kill the death tax."

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