Tax Week Legislation Provides Relief to Family Farms, Small Businesses
WASHINGTON, D.C. – U.S. Congressman John Katko (NY-24) today announced that the U.S. House of Representatives passed legislation to repeal the federal estate tax, also known as the death tax.
Currently, if an individual’s assets exceed the specified federal exemption amount at his or her death, these assets are taxed at a rate of 40% before they can be passed on to surviving family members. For Central New Yorkers, these “assets” are often a small business or family farm – and a death tax bill only makes a family’s loss even more devastating.
Washington, D.C. – Rep. John Katko (NY-24), Chairman of the Homeland Security Subcommittee on Transportation Security and Member of the House Committee on Transportation & Infrastructure issued the following statement after the U.S. Government Accountability Office (GAO) provided recommendations to protect the flying public against cyberattacks:
“The troubling findings of the recent GAO report reveal the real possibility of cyberattack on the hundreds of aircrafts that fly commercially across our country.
Washington, DC – With consideration of funding for the Department of Homeland Security (DHS) scheduled for later today, six Republican Members of the New York Congressional Delegation released the following statement:
WASHINGTON, DC – Today, U.S. Rep. Michael McCaul (TX-10), chairman of the Committee on Homeland Security, and U.S. Rep. Bennie Thompson (MS-2), ranking member of the Committee on Homeland Security, announced the creation of a bipartisan “Task Force on Combating Terrorist and Foreign Fighter Travel” in response to the threat from extremists fighting overseas and the danger they pose to the United States. Rep. John Katko (NY-24) was named the Republican Lead for the Task Force.