Friday, February 22, 2013
On Wednesday, the House Finance Committee in North Carolina voted 24-10 to approve a bill that would eliminate the state's estate tax. Republicans say that the death tax unfairly punishes farm and small-business owners who have passed down wealth generation after generation. Democrats argue that the repeal would effect very few people--only 0.2 percent of North Carolinians are required to pay the tax.
See Derek Medlin, Estate Tax Bill Clears House Committee, NCCapitol, Feb. 20, 2013.