Van Tran for Congress

Sanchez Again Votes Against Small Business, for Extension of Death Tax

Tran Condemns Vote as Another Attack on Small Business.

For Immediate Release
December 3, 2009
Contact: Rorick Luepton
(760) 500-9930

Costa Mesa – Today, the U.S. House of Representatives considered HR 4154, the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act. The legislation makes the death tax permanent with a top rate of 45%, and a $3.5 million exemption. Under current law, the death tax will be 0% for 2010 then will spike up to 55% in 2011 unless Congress can permanently repeal the tax.

Democrat, Loretta Sanchez (Rep – CA), voted once again along party lines by voting “yes.” Instead of helping small business owners and families by letting it go to 0% in 2010 and allow for a vote to permanently repeal the tax, Loretta Sanchez voted to permanently extend the tax at the current rate of 45%, thus adding another burden on the backs of hard-working Americans.

“Loretta voting for burdensome tax increases is not a surprise since she has a record of siding with the government in place of the people,” said Van Tran, candidate for California’s 47th Congressional District. “What is surprising, however, is that Loretta would turn a cold shoulder to small business and families in America by refusing to allow the tax to die in 2010 and voting to permanently extend the tax at a crippling rate of 45%. Loretta, today, voted once again for more red tape and burden for businesses and families, instead of lifting the weight of government off the shoulders of honest hard-working citizens.”

“The Death tax is unfair to taxpayers, harmful to both savings and investment and is a form of double taxation,” said Tran. “Loretta needs to talk with and meet her constituents and find out, like I have, that people are going through tough times and can’t afford another frivolous tax. This is just another reason why Loretta Sanchez needs to retire from Washington – she continues to hurt small businesses by continuing to vote for more regulations and government intervention.”