Central ND News

Senator John Hoeven of North Dakota has partnered with Senate Majority Leader John Thune from South Dakota to reintroduce a bill aimed at permanently repealing the federal estate tax, commonly referred to as the death tax.

Senator Hoeven stated, "Our legislation would repeal the death tax and prevent families, particularly those with family farms, from facing unnecessary hardship when a loved one passes away. It removes a major obstacle to estate planning and ensuring the future operations of small businesses and family farms, allowing them to stay intact and continue boosting the economy."

Leader Thune emphasized the significance of this move for rural communities: "Family farms and ranches play a vital role in our economy and are the lifeblood of rural communities in South Dakota. Losing even one of them to the death tax is one too many. It’s time to put an end to this punishing, burdensome tax once and for all so that family farms, ranches and small businesses can grow and thrive without costly estate planning or massive tax burdens that can threaten their viability."

The legislation has garnered support from numerous senators who have joined as cosponsors. These include Senators Jim Banks (R-Ind.), John Barrasso (R-Wyo.), Marsha Blackburn (R-Tenn.), John Boozman (R-Ark.), Katie Britt (R-Ala.), Ted Budd (R-N.C.), Shelley Moore Capito (R-W.Va.), John Cornyn (R-Texas), Tom Cotton (R-Ark.), Kevin Cramer (R-N.D.), Mike Crapo (R-Idaho), Ted Cruz (R-Texas), John Curtis (R-Utah), Steve Daines (R-Mont.), Joni Ernst (R-Iowa), Deb Fischer (R-Neb.), Lindsay Graham (R-S.C.), Chuck Grassley (R-Iowa), Bill Hagerty (R-Tenn.), Josh Hawley (R-Mo.), Cindy Hyde-Smith (R-Miss.), Ron Johnson (R-Wis.), Jim Justice (R-W.Va.), John Kennedy(R-La.) James Lankford(R-Okla.) Mike Lee(R-Utah) Cynthia Lummis(R-Wyo.) Roger Marshall(R-Kan.) Mitch McConnell(R-Ky.) Dave McCormick(R-Pa.) Jerry Moran(R-Kan.) Bernie Moreno(R-Ohio) Markwayne Mullin(R-Okla.) Pete Ricketts(R-Neb.) Jim Risch(R-Idaho) Mike Rounds(R-S.D.) Eric Schmitt(R-Mo.) Rick Scott(R-Fla.) Tim Scott(S.C.). Tim Sheehy(Mont). Thom Tillis(N.C.). Tommy Tuberville(Ala.). Roger Wicker(Miss). Todd Young(Ind.).