Ending Green Giveaways Act
Rep. Mike Flood (R-NE) introduced the “Ending Green Giveaways Act” that “will return unused funds from the $3 billion of taxpayer money allocated to an out-of-touch, unaccountable ‘environmental justice’ grant program managed by the EPA.”
These funds have been used by the Biden Administration to implement his 30×30 agenda. This bill is to eliminate all references within the EPA of their DEI program related to “Environmental and Climate Justice Block Grants” that the Inflation Reduction Act funded.
“The idea of environmental justice that’s part of – in my opinion – the woke Biden agenda that fits right in with DEI and everything else that the American people have clearly rejected.” Rep. Mike Flood on “Ending Green Giveaways Act.”
Co-sponsors of the bill include: Mike Collins (R-GA), Brad Finstad (R-MN), Harriet Hageman (R-WY), Celeste Maloy (R-UT), and Scott Perry (R-PA).
Watch the Post on X from the Washington Journal on this topic here.
Repeal the Estate Tax
Senate Majority Leader John Thune of South Dakota filed S.B. 587 to repeal the death tax.
From the floor of the Senate, Thune said: “It is time to end this punishing and burdensome tax once and for all. The death tax is fundamentally flawed both in theory and in practice.”
“There should be a limit to how many times the government can tax you. The money you leave at your death has already been taxed by the government at least once, which makes the death tax double taxation.”
Estate tax has been one of the reasons many landowners turn to conservation easements as their estate plan. Land trusts and the government know many landowners are land rich and cash poor. This is the key problem that drives the family-owned ranches and farms to sign up for conservation easements. The alternative is the beneficiaries must sell significant portions of the land to pay the death tax.
If this is eliminated, so will the scheme land trusts use to coerce landowners into placing conservation easements on their property thinking they have solved their estate planning, saved the farm, and provided a solution for their heirs forever.
But, “forever” brings with it other problems the heirs have to deal with.
Watch John Thune speak on this topic on X here.
