Alexander Cosponsors Permanent Repeal Of Death Tax

Thursday, October 31, 2013

Senator Lamar Alexander (R-Tn.) on Thursday announced that he would cosponsor legislation by Senator John Thune (R-S.D.) to permanently repeal the federal death tax.

“Nobody should be forced to sell the farm or family owned small business they’ve just inherited in order to pay the tax bill,” Senator Alexander said. “Tennessee benefits from being a low-tax state, and transferring some of that common sense to Washington by eliminating the federal estate tax burden on farmers and small businesses is especially important as we try to get our economy moving again.”

The death tax is a tax on estates that the federal government collects after a property or business owner dies. Currently, the federal estate tax rate is as high as 40 percent, with an exemption for the first $5.25 million in property in 2013.

On Jan. 1, the top federal estate tax rate was set to increase to 55 percent with a $1 million exemption. Alexander supported the “fiscal cliff” agreement (a law named the American Taxpayer Relief Act) that passed the Senate 89-8 and instead made permanent the top rate of 40 percent and the $5 million exemption, adjusted each year for inflation.

Senator Thune’s legislation, The Death Tax Repeal Act, would permanently repeal the federal estate tax, which Senator Alexander said would demonstrate “Tennessee common sense.” On April 27, 2012, the Tennessee General Assembly passed a bill that will eliminate Tennessee’s inheritance tax after 2015.


Walker County Arrest Report For April 20-26

Here is the Walker County arrest report for April 20-26: MARTIN ERIC JACKSON W/M 37 Officer FORREST POSSESSSION OF MARIJUANA LESS THAN 1 OZ;POSSESSION OF METH; POSSESSION OF DRUG RELATED OBJECTS; POSSESSION OF WEAPON DURING COMMISSION OF CRIME CASTEEL JEFFERY LEE W/M 28 Officer FORREST DRIVING WITHOUT VALID LICNESE; NO PROOF OF INSURANCE STAFFORD ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ALLEN, ARTERRIUS DEJUAN  2211 VANCE AVENUE CHATTANOOGA, 37411  Age at Arrest: 26 years old Arresting Agency: Chatt. Housing Authority DRUGS GENERAL CATEGORY FOR RESALE CRIMINAL TRESPASSING --- ALLEN, BRYCE  HOMELESS CHATTANOOGA, 37402  Age at Arrest: 27 years old Arresting Agency: ... (click for more)

The Heart Of A Teacher Makes A Difference - And Response (2)

In less than four weeks, I expect to be one of 216 graduating seniors from East Hamilton School. One could say all possible variables help a student rise to the highest levels in school; but a student is more than his environment or genetic code. He is a mixture of his own propensity and dedication to academics, coupled with a systemic team of mentors who give their all as a student’s ... (click for more)

Roy Exum: The P.S. To A Sad Story

Back in the days when we were determined that the Chattanooga News-Free Press would have the best sports section in the country, I was traveling a whole lot. For example, back then I would be leaving today or tomorrow for Saturday’s Kentucky Derby, this after hardly recovering from a week spent at The Masters. And, as it happens with those who are constantly in search for tomorrow’s ... (click for more)

Underedog Sequatchie Shocks Ooltewah In Red Bank Softball

Please don't be mislead by the win-loss record of the Sequatchie County Lady Indians. Those young ladies who call Dunlap home improved to 12-14 overall on Sunday night as they rallied four times before scoring the winning run in the fifth as they beat the Ooltewah Lady Owls by a 7-6 final for the title in the Red Bank Invitational. Ooltewah had won three straight games going ... (click for more)

#17 Chattanooga State Softball To Host Region Tournament Starting Wednesday

Chattanooga State softball took four wins over Columbia State over the weekend to move to tops in the TCCAA softball standings. #17 Chattanooga State will host the NJCAA Region VII/TCCAA Tournament beginning Wednesday. Chattanooga State improved to 45-11, 32-4, while Columbia State drops to 34-13, 25-7. Walters State (click for more)