By: Patrick Hedger, Policy Director-American Encore

The Death Tax imposes a 40 percent tax on all the assets of a person upon their death. This is not a cash tax. It taxes the property and businesses someone has built throughout their entire life. Thus, this policy ends up destroying small businesses, the precious engines of entrepreneurship and innovation in our economy.


Our tax code is over 70,000 pages long. The high tax rates Washington imposes on personal and corporate income are self-defeating, raising less revenue and destroying economic opportunity. Meanwhile, Congress carves out special exemptions for the rich and powerful.

History shows that lower and simpler taxes increase economic growth and end up raising more revenue. 


It's Time for an American Encore