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Tuesday, October 5, 2010

Fact Check: Mike McIntyre Has Consistently Fought to Abolish 'Death Tax'

*FROM CONGRESSMAN MCINTYRE'S CAMPAIGN STAFF:


Fact Check: McIntyre Has Consistently Fought to Abolish 'Death Tax'

Ilario Pantano's latest ad is a total distortion of Congressman Mike McIntyre's strong and consistent fight to abolish the Death Tax. Pantano is intentionally misleading the voters of Southeastern North Carolina. He is attempting to silence the voice of our family farms, senior citizens, and small businesses.

Pantano is wrong about the votes he cited. The truth is as follows:

Vote 333, 7/22/1999 -This bill would have endangered the solvency of Social Security and Medicare, which protect our senior citizens. Congressman McIntyre would never compromise the security of our senior citizens.

Vote 252, 6/9/2000 - When it appeared that the Death Tax Elimination Act, which Congressman McIntyre co-sponsored, could be defeated, he immediately voted to increase the estate tax exemption for small businesses and family farms, as well as grant a 20 percent across-the-board reduction in estate and gift taxes for EVERYONE.
(The Death Tax Elimination Act ultimately passed, but it was vetoed. Congressman McIntyre voted to override the veto.)

Vote 959, 10/10/2007 - This was a procedural motion which Congressman McIntyre opposed because it violated the provisions which are necessary to balance the budget. He insists on our federal government balancing its budget.

Vote 929, 12/3/2009 - Congressman McIntyre voted for a motion to fully repeal the estate tax. When that failed, he immediately voted for an exemption to protect our small businesses and family farms.



The organizations that represent small businesses and family farms (NFIB and the Farm Bureau) have examined Congressman McIntyre's record and recognized his longtime advocacy for eliminating the Death Tax and his strong voice for our farm families and small businesses.

Congressman McIntyre's long record of consistently fighting to abolish the Death Tax includes several additional legislative bills, a list of which follows, and which Pantano intentionally omits because he is distorting Congressman McIntyre's record:


1997 - cosponsored H.R.1299, the Family Business Protection Act of 1997, which would amend the Internal Revenue Code of 1986 to provide relief from estate and gift taxes.

1997 - voted for H.R. 2014, the Taxpayer Relief Act, which increases, incrementally, the unified estate and gift tax credit to $1 million by the year 2006.

1998 - cosponsored H.R. 3879, the Estate and Gift Tax Rate Reduction Act of 1998, which would amend the Internal Revenue Code of 1986 to phaseout the estate and gift taxes over a 10-year period.

1999 - voted for H.R. 3081, the Small Business Tax Fairness Act, which repealed the two highest estate tax brackets and declared that the bill would be the first step toward full repeal of the death tax.

2000 - cosponsored H.R.5315, the Death Tax Relief Now Act of 2000, which would amend the Internal Revenue Code of 1986 to reduce estate and gift tax rates, and for other purposes.

2000 - cosponsored and voted for - and against a veto threat - of H.R.8, the Death Tax Elimination Act of 2000, which would amend the Internal Revenue Code of 1986 to phaseout the estate and gift taxes over a 10-year period.

2001 - cosponsored and voted for H.R. 8, the Death Tax Elimination Act of 2001. Provisions of H.R. 8, the Death Tax Elimination Act, were included in H.R. 1836, the Economic Growth and Tax Relief Reconciliation Act, which became Public Law 107-16 on 6/7/2001.

2002 - voted for H.R. 2143. the Permanent Death Tax Repeal Act. The Senate did not consider.

2003 - voted for HR 8, the Death Tax Repeal Permanency Act

2005 - cosponsored and voted for H.R.8, the Death Tax Repeal Permanency Act of 2005. The Senate did not consider.

2006 - voted for HR 5638, the Permanent Estate Tax Relief Act

2007 - cosponsored H.R.2380, the Death Tax Repeal Permanency Act of 2007.

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